Google and Apple’s exclusive search engine deal could be on the DOJ’s chopping block, analysts say – Yahoo! Voices
The Department of Justice could block Google (GOOGL) from being the default search engine on Apple’s (AAPL) iPhone as part of its antitrust victory against the tech giant.
In August, a federal judge ruled that Google monopolized the online search engine market. Analysts at Jefferies (JEF) said a “very likely” outcome could be that the Justice Department will opt to ban Google from paying Apple to be the exclusive search engine on the popular smartphone.
That could pose a major blow to Apple’s revenues. According to the analysts’ estimates, revenue from this deal is around $25 billion for the year, or about 6.3% of Apple’s revenue and a whopping 20% of its pretax profit.
This ban could take place over the course of several years and may not altogether prevent Google from having any revenue-sharing agreement with Apple. Instead, it would block the two tech giants from having an exclusive deal that would shut out other search engines.
Apple stock was flat as of Thursday morning,…
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source: https://news.oneseocompany.com/2024/10/17/google-and-apples-exclusive-search-engine-deal-could-be-on-the-dojs-chopping-block-analysts-say-yahoo-voices_2024101758636.html
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