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The DOJ antitrust lawsuit against Google could pose a risk to Apple's valuation, analyst says

1 month ago   |   By Business Insider

Summary List Placement
The Department of Justice's antitrust lawsuit against Google could pose a risk to Apple's valuation, according to a Wednesday analyst note from Bank of America.
As detailed in the lawsuit, Apple has received up to $12 billion per year in high margin licensing fees from Alphabet for setting Google as the default search option on iPhones.
If that agreement is determined to violate antitrust policies, it could represent a significant hit to Apple's earnings and a risk to its $2 trillion valuation.
"Any changes to the rev share agreement could lead to a potential...
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Justice Department officials say their antitrust lawsuit against Google is not politically motivated - but Trump's shadow will continue to loom over the case, especially if he's reelected

Justice Department officials say their antitrust lawsuit against Google is not politically motivated - but Trump's shadow will continue to loom over the case, especially if he's reelected

1 month ago   |   By Business Insider

Summary List Placement When Department of Justice officials announced a sweeping antitrust lawsuit against Google filed on Tuesday, they were quick to assure the public that the lawsuit has nothing to do with President Donald Trump.
Trump has for years attacked Google - as well as other big tech companies - by claiming without evidence that its search engine is biased against him and slamming Google for its contracts with China. But when questioned by reporters at a Tuesday press conference, DOJ officials denied that Trump's claims about Google's purported bias had any bearing on the...
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