Reported 2 months ago
A recent U.S. court ruling declared Google to be operating an illegal monopoly, which could jeopardize its lucrative $20 billion annual deal with Apple to make Google the default search engine on Apple devices. Analysts estimate that the termination of this agreement, which is pivotal for Apple's revenue, could lead to a 4-6% profit decline for the company. The ruling may prompt Apple to explore alternative search options and accelerate its transition to AI-powered services.
Source: YAHOO