bloomberg tech's mark gurman reports. e recapping apple's record q1 financial disclosure. the company hit an all-time revenue record, growing 21% to $111.4 billion. apple is mostly made up of iphone sales which made 65.6 billion dollars. wearables grew as well. expectations were sky high for overall and iphone revenues at the company met those expectations, but not all investors were completely pleased. while the company did not give guidance for the current quarter yet again, the apple cfo did to give color as to what to expect when it announced results in march. he said the company is expecting a deceleration for both wearable categories and services. that is a nice way of saying that wearables and services divisions are likely to see annual growth declines next quarter. this slightly missed wall street expectations. on the earnings call, apple said its overall user base top 1.6 5 billion, with the iphone accounting for one billion of those devices. tim cook, apple ceo, discussed apple opportunities in india and developi

for more, i want to bring in mark gurman. mark, what stood out to you? biggest change was the pricing strategy. samsung has been known the last few years to start its higher end phones at $1000. what you saw apple do with the iphone 12 last year was come out with a high-end phone at $800. now samsung is doing the same. the new one comes in at $729 and $999 and the ultra at $1200. you're seeing $200 price jobs -- price drops across the board. that is the most interesting change. emily: the question is, can they compete with the iphone, the new iphones, and what apple has to come this year? mark: absolutely. i think these new phones will be a real hit in the android side of the world, especially with that $200 price drop. i think the new earbuds are certainly interesting. they added a lot of unique functionality, or i would say it was unique to apple, and now these are features samsung is using as well. their little tracker device where basically you can put a tracker on your wallet, your bag, your backpack, what have you and located using an app on your p

haidi: mark gurman there on the latest samsung phones in los angeles.up we will be joined by the dalton investment chair cushions market levels in the u.s. are expensive. the winners are china and india. the market opens in tokyo and seoul are at the top as well. this is bloomberg. ♪ kathleen: welcome to daybreak: asia from bloomberg's world headquarters in new york. i'm kathleen hays alongside howdy stroud-watts in sydney. asia's major markets have opened for trade. joe biden has asked congress for a new covid relief package for $2 trillion. it will be a test of his relations with a split senate. asia helps to make four daily gains on a road. investors await the bank of korea rate decision. the kospi is on its longest streak since 2010. a chinese energy giant is being blacklisted the u.s. for drilling in the south china sea. washington says it is a corporate and regional bully. let's get right over to hong kong. sophie, with a look at the markets. sophie: stocks could be set for a third consecutive week of gains. in tokyo, upside for the nikkei 225 as

emily: our very own mark gurman with this week's power out. -- this week's "power up."ves , shares rose. yesterday closed at 845. the heart and lungs of tesla, he says, are focused on china. 1250, that is pretty hi, dan. we'll get you there -- what gets you there? dan: china has had skyrocketed growth. tesla is seeing a disproportionate amount of that. at the that china is worth -- i think that china rose. we are entering a golden age across the board. it continues to be tesla in the lead. emily: what are the risks, and what could slow this down? dan: the risks are probably too full. one, right now in terms of -- competition continues to increase, and you see share shift going domestically more. in the u.s. will seek gm and others --' teslas leadership star suit diminished. i think the second is from an evaluation perspective, if demand does not meet some of these expectations, and i think as of right now, we are looking at demand that continues to increase versus transportation. right now inbev market, there is only a handful of markets to play the ev supply changed. -