Hey tech lovers! 💻📱 Big news that's shaking up the tech world: Apple's super-profitable deal with Google might be in jeopardy! 😱
So, here's the scoop: A U.S. judge just ruled that Google's search engine is an illegal monopoly. 😬 This means that their long-standing agreement with Apple could be on thin ice!
What's the deal? Well, Google pays Apple a whopping $20 billion every year to be the default search engine on all Apple devices. That's like buying 20 billion tacos al pastor every year! 🌮🔥
Analysts from Wall Street are saying that if Google wants to avoid more antitrust troubles, they might have to end this mega-deal. Morgan Stanley points out that this payment makes up about 36% of Google's search ad revenue from Safari users. That's a huge chunk! 💸
If this agreement gets canceled, Apple could see a 4% to 6% dip in their profits. Ouch! 😵 The current contract runs until at least September 2026, but after that, who knows?
There’s a chance that companies like Apple might be required to let users choose their favorite search engine when they set up their devices, instead of sticking with Google by default. More choices for us! 🎉
Legal expert Herbert Hovenkamp says this could be a big wake-up call for companies with a strong grip on the market. It's all about giving consumers more options and avoiding exclusive deals that limit our choices. 🙌
Stay tuned, amigos! This could change the way we surf the web on our iPhones and iPads. What's your take on this tech drama? Let us know! 💬
Reference(s):
cgtn.com
