The Justice Department will 'very likely' kill Google's billion-dollar deal to be the default search engine on iPhones, Jeffries predicts
- Posted on October 16, 2024
- By Fortune
- 2 Views
The Justice Department will 'very likely' kill Google's billion-dollar deal to be the default search engine on iPhones, Jeffries predicts
Jeffries estimates the $25 billion deal makes up 20% of Apple's pretax profit or about 6.3% of total revenue, representing an 8-11% hit on share prices.
