all right, bloomberg's mark gurman. thank you so much for your reporting.in, we will be following that event coming up next week, october 13. and i just want to reiterate the headlines coming out of that house report. report recommending the most dramatic proposal to overall competition law in decades. they have been investigating tech now free full year, calling apple, amazon, and facebook monopolies, saying that google has neutralized search rivals. we will continue to bring you the headlines from this report. a big drop today from the house antitrust subcommittee. coming up, more from "bloomberg technology" after this break. ♪ labor we learn the u.s. department has learned if microsoft's pledge to promote more black managers and executives violates labor laws. microsoft says its efforts are legal. argus has covered microsoft for decades. is the labor department calling this reverse discrimination? -- our guest has covered microsoft for decades. >> they are not using that term, but that's basically what it amounts to. people at microsoft told us that last

for i want to bring in mark gurman. a number of the announcements that you expected to see. now, having happened, what are the big highlights to you? mark: i guess for me business perspective, they have hiked the price a little bit. when they announced the entry-level iphone 12, they announced the price as $799. if you look year-over-year, that is a $100 price increase. they have also added $30 carrier subsidies for verizon and at&t, meaning the phone is $130 more expensive. interesting is an thing to watch looking at iphone over the nexts quarter or so. emily: of course, touting the 5g, they need the networks and carriers to step up to improve their 5g network. we saw verizon on stage with tim cook today. how much does it matter when it comes to consumers and those who pay up for these new phones actually getting to see the benefit of a 5g network? market: i was sort of surprised that apple went all in on 5g technology. last time around committee iphone 5 in 2012, they barely mentioned 4g. when they had that 4g improvement with some other models and 3g improvement, they real

mark gurman is on the line. tim cook seemed optimistic about the market.key takeaways? 29% annualpoint, decline in any region is not great. you compel it with being china, which is one of the most important markets for apple. the lowest revenue apple has reported in china since 2014. you know how the world looked six or seven years ago. my take away is i have no reason to believe apple is not telling the truth. they say it will be attributed to the iphone 12 delay, which was about one to two months, depending on the model you are looking to buy. and their numbers grew double digits. if it wasn't for the iphone delay, we would not be having this conversation. paul: the delay meant apple only has five days of data on sales of the iphone 12, as well. if you look ahead to the next quarter, is the picture rosier? >> i think the picture is going to be a bit rosier. i think they will do well in the holiday quarter. i think it will be strong. the guidance they are giving seems to be expecting iphone products to grow in revenue. they expect china to return to growt