American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Protecting the status quo? Apple joins DOJ’s case against Google over search dominance

by admin December 25, 2024
December 25, 2024
Protecting the status quo? Apple joins DOJ’s case against Google over search dominance

Apple (AAPL) has taken a significant step in the ongoing antitrust saga surrounding Google’s search engine dominance, requesting to participate in the upcoming US trial.

This move underscores the iPhone maker’s concern about its revenue-sharing agreements with Google, which generate billions of dollars annually by making Google the default search engine on Apple’s Safari browser.

Protecting billions: Apple’s strategic move amidst antitrust scrutiny

Apple’s decision to intervene in the trial highlights the company’s reliance on its current arrangement with Google, which resulted in an estimated $20 billion in revenue for Apple in 2022 alone.

In court papers filed in Washington on Monday, Apple’s lawyers asserted that they cannot rely solely on Google to defend these agreements, given the Department of Justice’s efforts to potentially break up Google’s business units.

These agreements have come under intense scrutiny as the Department of Justice (DOJ) seeks to demonstrate how Google’s dominance is potentially anticompetitive.

Apple’s focus remains on partnerships

Despite the high stakes, Apple’s legal team clarified that the company has no plans to develop its own search engine to compete with Google, regardless of the outcome of the trial, or the future of these payments, as per a Reuters report.

Rather, Apple’s intervention appears designed to safeguard the current revenue-sharing model, which is a key source of income for the company, and its role in the digital ecosystem.

Antitrust trial: a landmark case with broad implications

The upcoming trial represents a landmark case that has the potential to reshape how users access information online.

Apple’s intervention is a strategic one, demonstrating that it wants to have a say in any potential outcome that might impact its operations.

Prosecutors will aim to prove that Google must take certain measures to promote competition, potentially including the sale of its Chrome web browser and possibly its Android operating system.

By participating in the trial, Apple seeks to ensure its perspective is also heard, and that its financial interests are properly protected.

Google’s response

Google has already proposed to make changes to its default agreements with browser developers, mobile-device manufacturers, and wireless carriers.

However, the company has emphasized that they will not end their revenue-sharing agreements with these partners.

A spokesperson for Google declined to comment on Tuesday.

This indicates that Google intends to continue operating with a business model that ensures they maintain a dominant position in the search engine market.

The post Protecting the status quo? Apple joins DOJ’s case against Google over search dominance appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Is Die Hard a Christmas movie? The debate continues decades later
next post
Li Auto stock price analysis: the bullish case for this Nio rival

Related Posts

Vodafone share price skid amid Vodafone Idea woes:...

September 19, 2024

Short CLX: Clorox Breaks Key Support After Earnings,...

February 18, 2025

BuzzFeed stock analysis: falling website traffic is a...

October 27, 2024

Long WBA: Walgreens Boots Alliance Breaks Out: Targeting...

January 14, 2025

How Jeju Island’s NFT travel cards are redefining...

January 6, 2025

Should you invest in iDEGEN after Trump’s address...

January 24, 2025

Boeing factory workers to strike, halting jet production

September 13, 2024

Southwest Airlines faces FAA audit over string of...

July 25, 2024

Stock price forecasts: Rigetti Computing, Upstart, Nikola

January 24, 2025

Codelco eyes Saudi partnership to boost global copper...

January 18, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025
    • Inflation outlook in 2025: what April’s soft data isn’t telling you

      May 18, 2025
    • Rich List 2025: UK billionaires decline for first time in years amid market turmoil

      May 18, 2025
    • Novo Nordisk CEO to step down as obesity drug competition intensifies

      May 18, 2025
    • Argentina’s black market for dollar falters as President Milei dismantles currency controls

      May 18, 2025

    Categories

    • Business (2,920)
    • Investing (2,410)
    • Latest News (1,990)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved