Google Antitrust Ruling May Pose $20 Billion Risk for Apple

Google Antitrust Ruling May Pose $20 Billion Risk for Apple
People walk next to a Google logo during a trade fair in Hannover Messe, in Hanover, Germany, on April 22, 2024. Annegret Hilse/Reuters
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Apple’s lucrative deal with Google could be under threat after a U.S. judge ruled that the Alphabet-owned search giant was operating an illegal monopoly.

A potential remedy for Google to avoid antitrust actions could involve terminating the agreement, which makes its search engine a default on Apple devices, Wall Street analysts said on Tuesday.