could have negative implications for Apple and its $2 trillion valuation, according to an analyst note from Bank of America.
In Tuesday's lawsuit, the DOJ complaint alleged that part of Google's search monopoly stems from it being the default search engine on iOS devices. "Given that this revenue translates directly to profit, we est[imate] almost all the rev[enue] flows to Apple's net income and can account for up to $0.50 in EPS or approx[imately] 10% of EPS," Bank of America said.
This would put other search competitors like Bing and DuckDuckGo on equal footing with Google in terms of grabbing hold of iOS search market share, Bank of America said.
So Google is paying to someone atleast ! 😂😂😂😂😂😂
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