US may break this Google and Apple’s ‘most profitable’ partnership
By
Isha Sharma
The US Department of Justice is “very likely” to prohibit Google’s long-standing search deal with Apple, according to Jefferies analysts. This decision could mark an end to the 22-year-long partnership, which has been in place since 2002 and is still continuing.
The $25 billion agreement, which makes Google the default search engine on iPhones, is estimated to account for 20% of Apple’s pretax profit and 6.3% of its total revenue.