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

Category: Business

A recent ruling by Judge Amit Mehta in favor of the Department of Justice against Google could significantly impact both Google's search and advertising business and its long-standing revenue-sharing agreement with Apple. This agreement, which has been in place since 2002, sees Google paying Apple a substantial portion of search revenue generated on Apple devices. If the agreement is terminated, it could result in a loss of $20 billion for Apple and a potential revenue drop of $28 billion to $32 billion for Google.

Keywords: Google, Apple, antitrust

Source: Yahoo Finance

Update At: 8/6/2024

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