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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.

Go deeper

Dion Rabouin, author of Markets
35 mins ago - Economy & Business

How the tech stock selloff is hurting average Americans

Expand chart
Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

1 hour ago - World

UN rights chief: At least 54 killed, 1,700 detained since Myanmar coup

A Feb. 7 protest in Yangon, Myanmar. Photo: Getty Images/Getty Images

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

2 hours ago - Health

The danger of a fourth wave

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.