Sundar Pichai-Led Google Reportedly Paid Over $26B In 2021 To Apple, Others For Maintaining Its Default Status On Browsers And Phones
Portfolio Pulse from Ananya Gairola
In 2021, Google, a subsidiary of Alphabet Inc., reportedly paid $26.3 billion to various partners, including Apple, to maintain its default search engine status on browsers and mobile devices. This information was revealed during the ongoing federal antitrust trial against Google. The trial's outcome could significantly affect Google and the broader tech industry.
October 28, 2023 | 6:25 am
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NEGATIVE IMPACT
Google's payment of $26.3 billion to maintain its default search engine status could impact its financials. The outcome of the antitrust trial could also affect its business practices.
The large sum paid by Google to maintain its default search engine status could impact its financials. Additionally, the outcome of the antitrust trial could lead to changes in its business practices, potentially affecting its revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc., as the parent company of Google, could see a financial impact from the large payments made by Google and the outcome of the antitrust trial.
As the parent company of Google, Alphabet Inc. could see a financial impact from the large payments made by Google to maintain its default search engine status. The outcome of the antitrust trial could also affect its business practices and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple, as a major beneficiary of Google's payments, could see a financial impact depending on the outcome of the antitrust trial.
As a major recipient of Google's payments for maintaining its default search engine status, Apple could see a financial impact depending on the outcome of the antitrust trial. However, the exact impact is uncertain at this stage.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80