Mike Deerkoski / Flickr cc

As I expected, Apple's top level revenue and earnings numbers weren't that interesting in and of themselves, but there were several things that stood out from Apple's quarterly financial report. iPhone sales were sluggish. CEO Tim Cook acknowledged that demand has been a bit slow, possibly due to earlier-than-usual rumors about what might be coming in the next iPhone. China was weak, again. As it has been for the last several quarters, the once fast-growing Greater China segment was Apple's weakest. Cook did say he sees the business improving this quarter, but cautioned Apple is unlikely to return to year-over-year growth. The Apple Watch is becoming a big business. No, Apple didn't actually give us sales figures. But it did give two data points. Sales last quarter were double those of the prior year, and if you add watch sales with the Beats headphones and AirPods business, you have the equivalent of a Fortune 500 company, meaning more than $5 billion a year. Creative Strategies analyst Ben Bajarin estimates Apple sold 3.2 million Apple Watches in the quarter. This originally ran in Login, Axios' technology newsletter. For more new like this, sign up here.

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U.S. sanctions Chinese officials over Uighur human rights abuses

Photo: Xinhua/Liu Jie via Getty Images

The Treasury Department announced Thursday that the U.S. has sanctioned four Chinese Communist Party officials and the Xinjiang Public Security Bureau for human rights abuses against Uighur Muslims and other ethnic minorities in Xinjiang.

Why it matters: The sanctions designations, pursuant to the Global Magnitsky Act passed by Congress in 2016, mark a significant escalation in the Trump administration's response to the Chinese government's detainment of over 1 million Uighurs in internment camps.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

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China's extraterritorial threat

Illustration: Aïda Amer/Axios

All multinational companies and executives need to worry about breaking U.S. law, no matter where they're based or doing business. Now, they need to worry about Chinese law, too.

Why it matters: The projection of U.S. norms and laws around the world has been an integral (and much resented) part of America's "soft power" since 1945. As China positions itself to replace the USA as global hegemon, expect it to become increasingly assertive along similar lines.