- Apple could lose up to $12.5 billion in revenue if the DOJ forces Google to change how it pays for default search placement, according to JPMorgan. The DOJ is weighing remedies in an antitrust case against Google’s search business, and a decision is expected in August. While Apple isn’t directly involved in the case, its lucrative deal with Google is at stake. J.P.Morgan expects moderate remedies, but estimates Google’s worst-case exposure could reach $18 billion.
Apple could lose up to $12.5 billion in annual revenue if a federal judge forces Google to change the way it pays for its search engine agreements, according to a new note from JPMorgan.
