Declaring Google a ‘monopoly’ could cause Apple to lose $20 billion: how?
August 7, 2024
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Googlerecently lost the case with the US Department of Justice. The tech giant, which is unmatched in search, with this result: “MonopolyIt was stated as “. While it
Googlerecently lost the case with the US Department of Justice. The tech giant, which is unmatched in search, with this result: “MonopolyIt was stated as “. While it was stated that the company would appeal the decision, it was also stated that it would not be punished yet. The court would monitor Google’s activities and see if it would make any changes to its operations.
Of course, this decision has the potential to impact companies other than Google. One of them is Apple. The most valuable company in the world because Google is declared a monopoly Billions of dollars could be lost.
Apple could lose as much as $20 billion
According to Reuters, Wall Street analysts say that one of Google’s attempts to avoid monopoly charges could be to terminate its agreement with Apple, which includes the company’s search engine Default search engine on Apple devices This allowed it to be used as
Of course, the price of such a big problem was also very high. So much so that Google gives annual sales to Apple for its search engine. 20 billion dollars It pays. This equates to about 36% of the ad revenue it generates through Safari.
Of course, there is a possibility that such an agreement could be terminated to avoid being considered a “monopoly”. This is for Apple It could cost $20 billion and cause corporate profits to fall by 4% to 6%. may cause. Previously released court documents revealed that the agreement was due to run until 2026 and that Apple had the right to extend it for an additional two years.
Nothing is certain yet. Google’s legal battle will likely continue. of battle Don’t even go until 2026 There is a chance. Therefore, it would not be right to say that the agreement between Google and Apple will be terminated immediately. However, if the company is under great pressure, it may be forced to take such a step. We will see what happens in due course.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.