Link: Google antitrust ruling may pose $20 billion risk for Apple - The Japan Times
Apple's lucrative deal with Google which involved Google's search engine as a default on Apple devices, could be under threat after the declaration of Google as an illegal monopoly.
A potential solution Google anticipated to avoid antitrust actions could be the termination of this agreement, a prediction by Wall Street analysts.
Google pays Apple annually $20 billion, about 36% of its search advertising income via the Safari browser; this agreement could potentially decrease Apple's profit by 4-6% if terminated.
The contract runs till September 2026 at least, with Apple having the chance to extend into another two years.
Should the partnership be dissolved, options could include offering customers alternatives like Microsoft Bing or a new search product powered by OpenAI.
Alluding to a shift from exclusive deals to avoid future regulatory complications, Apple is in discussions with Google to add other AI models and has even announced revisions to Siri with AI technology. #
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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.
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