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WSJ Tech News Briefing

TNB Tech Minute: Apple Knocked From Top Mobile Spot in China

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 18 April 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: The WSJ reports the EU delayed planned punishments for Apple and Meta as U.S. trade talks neared. And hedge-fund billionaire Bill Ackman discloses a nearly 20% stake in Hertz and floats expanding its Uber partnership. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your T&B Tech Minute for Friday, April 18th. I'm Victoria

0:35.1

Craig for the Wall Street Journal. Apple has tumbled from its number

0:38.5

one spot in China's smartphone market to number five. According to preliminary data from

0:43.6

the research firm International Data Corporation, Apple's share shrank to just under 14% last quarter

0:49.9

from a year ago. Chinese consumers opted instead for domestic-made devices from

0:54.7

Xiaomi and Huawei. That demand was boosted by government subsidies that let consumers

0:59.3

purchase lower-cost smartphones, tablets, and smart watches for up to about $820. Despite the fall,

1:06.1

Apple was the only non-Chinese brand to make the top five list. Elsewhere, the Wall Street Journal exclusively

1:12.3

reports that the European Union delayed punishing Apple and MEDA just before trade talks with the U.S.

1:17.9

began. People familiar with the matter said the block delayed a planned announcement due earlier

1:22.5

this week on cease and desist orders and potential fines targeting the companies. The decision came before the

1:28.5

EU's trade commissioner met with U.S. officials on Monday for the first round of in-person talk

1:33.7

since President Trump announced a 90-day pause on tariffs. The rulings are still expected to go ahead,

1:39.3

but a spokesperson for the EU's executive body, the European Commission, said no dates have been announced.

1:45.5

And finally, billionaire hedge fund manager Bill Ackman says he's built up a nearly 20% stake in

1:50.4

rental car company Hertz, and he's floating the possibility of a Hertz partnership with Uber.

...

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