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Apple sets September quarter sales record despite pandemic

Apple on Thursday reported quarterly sales and earnings that narrowly exceeded analysts estimates as the iPhone maker continued to see strong demand amid the COVID-19 pandemic.

What they's saying: The company said response to new products, including the iPhone 12 has been "tremendously positive" but did not give a specific forecast for the current quarter.


Why it matters: Apple continues to be a bellwether for the smartphone business and broader tech industry.

Details: Sales of the iPhone were down sharply from a year ago as Apple delayed the launch of the new lineup from late in the September quarter to October, meaning the first results for the new iPhone won't show up until the company's January report.

By the numbers:

  • Revenue: $64.7 billion (vs. $64.16 billion consensus analyst expectation)
  • Earnings per share: 73 cents (vs. 71 cents analyst expectations)
  • iPhone revenue: $26.4 billion (vs. 33.3 billion a year ago)
  • Mac: $9 billion (vs. $7 billion a year ago)
  • iPad: $6.8 billion (vs. $4.7 billion a year ago)
  • Services: $15.5 billion (vs. $12.5 billion a year ago)
  • Wearables, home and accessories: $7.9 billion (vs. $6.5 billion a year ago)

What they're saying: "Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive," CEO Tim Cook said in a statement.

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Sanofi, GSK COVID vaccine shows strong immune response in phase 2 trials

Sanofi and GSK announcedthis morning their COVID-19 vaccine candidate demonstrated a strong immune response in adults in a phase 2 clinical trial.

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"Starfield” is Microsoft’s blockbuster Xbox game for 2022

“Starfield,” the next big game from the makers of “Fallout” and “The Elder Scrolls” will be released on Nov. 11, 2022 for Xbox consoles and PC — and not for PlayStation, according to a new trailer.

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Mark Warner emerges as moderates' dealmaker-in-chief

As Senate Majority Leader Chuck Schumer (D-N.Y.) and White House Chief of Staff Ron Klain navigate the legislative minefield of the next few months, they'll often turn to a moderate Democrat who gets far less ink than Sens. Joe Manchin (D-W.Va.) or Kyrsten Sinema (D-Ariz.).

The big picture: Sen. Mark Warner (D-Va.) has become a pivotal player in the multi-trillion-dollar negotiations that will shape the Democrats' electoral prospects, Joe Biden's presidency and the future of the country.

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Latin America and the Caribbean wait for COVID-19 vaccines

Data: Our World In Data; Map: Axios Visuals

Latin America and the Caribbeanhave the highest weekly death rate per capita of any region in the world, and it could climb, with vaccinations difficult to come by and hospitals still short on staff and equipment like ventilators and oxygen tanks.

Why it matters: Fewer than 10% of the people of Latin America and the Caribbean have been fully vaccinated against COVID-19 since immunization campaigns started in December, mostly due to the low availability of doses.

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