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WSJ Tech News Briefing

TNB Tech Minute: Apple Stock Hits Intraday Record on Strong iPhone Sales

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 20 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Subscriber cancellations of Disney+ and Hulu doubled in September following “Jimmy Kimmel Live!” suspension. And a second proxy advisory firm recommends Tesla shareholders reject CEO Elon Musk’s proposed $1 trillion pay package. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

DC politicians want to enact harmful credit card mandates that could take away your cash back and rewards points.

0:08.0

Perks that stretch your budget and make life a little easier.

0:12.1

Losing these benefits means less money for your family's everyday essentials like gas and groceries.

0:18.0

The perks you rely on could disappear, leaving you with higher costs and fewer

0:22.1

options. Tell Congress to guard your card and oppose the Durban Marshall credit card mandates.

0:28.4

Paid for by Electronic Payments Coalition. Here's your afternoon, TNB Tech Minute for Monday,

0:34.7

October 20th. I'm Julie Chang for the Wall Street Journal.

0:38.5

Apple stock hit a new intraday record today following a report of strong iPhone sales.

0:43.9

By mid-afternoon, shares were up more than 4% to about $263 a share.

0:50.2

Research firm Counterpoint said yesterday that the new iPhone 17 series outsold last year's iPhone 16 series by 14% during the first 10 days it was available in China and the U.S.

1:03.7

Customer cancellations of Disney's streaming platforms Disney Plus and Hulu doubled in September from a month earlier.

1:10.2

The cancellations came after the

1:12.2

company briefly suspended the ABC late-night show Jimmy Kimmel Live over the comedian's comments

1:17.6

related to the killing of conservative activist Charlie Kirk. According to subscription analytics

1:22.4

company Antenna, the rate of customer cancellations for Disney Plus jumped from 4% in August to 8% in September,

1:30.5

and those for Hulu jumped from 5 to 10%.

1:33.3

Antenna estimated a total of 3 million cancellations for Disney Plus in September and 4.1 million for Hulu.

1:41.6

And a second proxy advisory firm is advising Tesla shareholders to reject CEO Elon Musk's

1:48.5

proposed a $1 trillion pay package. That's according to a Tesla post on X Today, Glass Lewis is joining

1:55.4

institutional shareholder services, which said last week it had concerns about the magnitude

2:00.1

and design of Musk's

2:01.5

stock award program. Tesla called Glass-Lewis's recommendation misguided, and it cited strong

...

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