Google's antitrust loss could put billions at risk for Apple

Google's antitrust loss could put billions at risk for Apple

Google (GOOG, GOOGL) suffered a staggering shot to its search and
advertising business on Monday as District of Columbia's Judge Amit
Mehta ruled in favor of the Department of Justice in its antitrust
suit against the tech giant.

Here's how: The ruling could force Google to make dramatic changes to
its largest business, but it could also force the company to cancel a
long-term revenue-sharing agreement with Apple that requires the
iPhone maker to use Google as the default search engine across its
various devices.
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In return, Google pays Apple 36% of the search revenue generated on
Apple devices using Google's services. While Apple doesn't reveal
exactly how much it makes from the deal, court documents pegged the
number at an estimated $20 billion in 2022, double what Google paid in
2020.

https://finance.yahoo.com/news/googles-antitrust-loss-could-put-billions-at-risk-for-apple-215401052.html