Apple's Eddy Cue Expected To Testify Google Search Is The Best, And That There's No Apple Search Engine In The Works
Portfolio Pulse from Benzinga Neuro
In the ongoing legal standoff between Google and the U.S. Department of Justice concerning an alleged online search monopoly, Apple's Senior Vice President of Services, Eddy Cue, is preparing to testify. The case revolves around a $19 billion search deal between Google and Apple. Cue is expected to argue that Google’s search engine was selected as the default for iPhones due to its superior quality and that Apple has no plans to develop a competing search engine.
September 26, 2023 | 2:54 pm
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Apple's Eddy Cue is expected to testify in the ongoing legal standoff between Google and the U.S. Department of Justice. The case revolves around a $19 billion search deal between Google and Apple.
The news is relevant to Apple as it involves a high-ranking executive and a significant business deal. However, it's unclear how this will impact Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google is involved in a legal standoff with the U.S. Department of Justice over an alleged online search monopoly. The case revolves around a $19 billion search deal between Google and Apple.
The news is highly relevant to Google as it directly involves the company and a significant business deal. The ongoing legal standoff could potentially have a negative impact on Google's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Alphabet Inc., Google's parent company, is indirectly involved in a legal standoff between Google and the U.S. Department of Justice over an alleged online search monopoly.
The news is relevant to Alphabet Inc. as it indirectly involves the company's subsidiary, Google. The ongoing legal standoff could potentially have a negative impact on Alphabet Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70