The bottom line

■ Apple sold up to 2 million iPhone 12 units in the first 24 hours after release, up from 800,000 units of the iPhone 11, according to a top Apple analyst. China represented 35 percent to 45 percent of the demand for the high-end iPhone 12 Pro models.

CNBC.com

■ Package delivery services are running out of holiday shipping capacity in record time. Total shipping capacity for the industry is estimated to be 79.1 million parcels a day in the Thanksgivingto-Christmas period, with 86.3 million packages looking for space.

The Wall Street Journal

■ Texas billionaire Robert Brockman was charged with evading $2 billion in taxes with a 20-year scheme to hide assets and launder money. Federal prosecutors say the case against Brockman, whose company makes automotive software, is the biggest tax-fraud case ever filed.

The Washington Post

■ Police in Long Beach, Calif., charged two suspects with stealing two Australian lace monitors from an exotic-reptiles store. The rare lizards were valued together at more than $75,000.

Los Angeles Times

■ SoftBank terminated a

$185 million consulting deal with WeWork co-founder Adam Neumann, saying that he had violated parts of the agreement. The deal was part of Neumann’s exit package, which included SoftBank’s agreement to buy about $1 billion of stock from Neumann.

The Wall Street Journal

■ An economist at Citigroup calculated that closing racial gaps would have generated an additional $16 trillion in economic output since 2000. With equal access to credit, black entrepreneurs could generate 6.1 million jobs.

Bloomberg.com