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 ! 😂😂😂😂😂😂
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A tour inside a 3D-printed home that took one week to build - Business InsiderThis company is building 3-D printed, small homes on existing residential properties to fight back against California's housing shortage. Look inside a unit that was move-in ready in one week.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Trump's relationship with multi-level marketing company ACN - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can't make this shit up. Just read your hit piece on the laptop. 'Conservative Tabloid', 'Trumps personal Lawyer', 'Trumps handpicked DNI', Ron Johnson, Staunch Trump Ally'....paint that narrative. FBI says nothing to add. The laptop is real. Hunter even signed for the drop off. The media is scary.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The DOJ is hitting Google with its long-awaited antitrust case today - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »