peter elstrom joins us from tokyo.us to discuss apple, julie osk, principal analyst at forrester. i asked tim cook if he sensed a turnaround. he said the results were encouraging, improved better than even they thought they might. what is your take? reporter: it would be better if sales were actually increasing. china is such an important market for apple in the last years. the last four quarters have been difficult for apple. competition is rising from many competitors. xiaomi has been particularly strong. last week, while they had a meeting with analysts and investors, and they talked about what they are preparing. they talked about the next iphone. they head of the consumer business seemed to know a bit about it and said they had something ready that might be better, better wireless charging, a better camera. he said that price would be about half of what apple is planning on charging. it will be tough. emily: competitors are aggressive. i asked tim cook when i got to sit down with him, and spoke about china over th

peter elstrom, our managing editor in tokyo. and that is it from "daybreak asia."l be breaking the latest property did out of china in half an hour, and get immediate reaction from the regional head of property research. later, we crunched down alibaba's better than expected earnings. we will be joined by the research director, thasandy shen. revenuegot alibaba's rising 56% in the three months that ended in june. they beat the estimates. stay tuned for a breakdown of those numbers. asia" isg markets: next. this is bloomberg. ♪ >> it's 11:00 in sydney. i am haidi them, this is bloomberg markets: asia. japan leads the asia-pacific down. markets are unnerved by the terror attack in spain and turmoil in washington. hiteople died when a van them in one of barcelona's most famous streets.