DOJ antitrust win over Google will ‘very likely' kill $25B iPhone search deal with Apple: Jefferies

Google is “very likely” to be barred from paying billions of dollars each year to Apple to ensure its search engine is enabled by default on iPhones after its stunning loss to the Justice Department in a landmark antitrust trial, according to analysts at Jefferies.Judge Amit Mehta ruled in August that Google has an illegal monopoly over online search and specifically called out the firm’s habit of cutting checks for default status – including $20 billion to Apple in 2022 alone – as an anticompetitive tactic ...