Alphabet's Historic Antitrust Ruling 'Credit Negative' For Google's Parent And Apple, Says Moody's: 'May Need To Alter Its Very Profitable Business Model'
Portfolio Pulse from Shanthi Rexaline
Alphabet (GOOGL, GOOG) faces a significant antitrust ruling, deemed 'credit negative' by Moody's, which may force the company to alter its profitable business model. The ruling also negatively impacts Apple (AAPL) due to its revenue from Google being the default search engine on iOS devices. The financial implications for both companies will become clearer during the remedy phase of the trial.
August 08, 2024 | 6:46 am
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NEGATIVE IMPACT
Apple is indirectly impacted by the antitrust ruling against Alphabet, as it may lose a significant revenue stream from Google being the default search engine on iOS devices. The financial implications will be clearer during the remedy phase.
Apple may lose a significant revenue stream from Google being the default search engine on iOS devices due to the antitrust ruling against Alphabet. The exact financial impact will be clearer during the remedy phase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Alphabet faces a 'credit negative' antitrust ruling that may force changes to its profitable business model. Moody's highlights potential financial and operational impacts, though Alphabet's strong financial position may mitigate some effects.
The antitrust ruling could force Alphabet to alter its business model, impacting its profitability. However, its strong financial position may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Alphabet faces a 'credit negative' antitrust ruling that may force changes to its profitable business model. Moody's highlights potential financial and operational impacts, though Alphabet's strong financial position may mitigate some effects.
The antitrust ruling could force Alphabet to alter its business model, impacting its profitability. However, its strong financial position may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100