What Alphabet's favorable antitrust ruling means for Apple and its investors
Judge Amit Mehta's ruling permits Alphabet to pay Apple approximately $20 billion annually for preloading Google Search, sustaining key partnerships and potential AI collaboration.
7 Articles
7 Articles
Yesterday, a federal court ruled very favorably in the case concerning the illegally acquired search monopoly. The company does not have to be broken up, and Google can continue to pay Apple approximately $20 billion a year to remain the default browser.
Bank of America Raises Apple Price Target to $260 After Antitrust Ruling
In a move that underscores the intricate ties between tech giants, Bank of America has elevated its price target for Apple Inc. stock to $260, citing a favorable outcome in the recent antitrust ruling against Alphabet Inc.’s Google. This adjustment, detailed in a note to investors, reflects renewed confidence in Apple’s revenue streams, particularly those derived from its longstanding search agreement with Google. The ruling, handed down by U.S.…
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