Sundar Pichai Admits DOJ Proposals Could Have 'Unintended Consequences' — Google Mapping Out Plan B In Case Apple Ends Search Deal?
Portfolio Pulse from Ananya Gairola
Alphabet Inc. CEO Sundar Pichai discussed potential 'unintended consequences' of DOJ proposals during the company's Q3 earnings call. The DOJ is considering breaking up Google due to its monopoly in the search market, which could affect its deal with Apple. Despite legal challenges, Alphabet reported a 15% revenue increase, with shares rising in after-hours trading.
October 30, 2024 | 3:32 am
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NEGATIVE IMPACT
Apple's lucrative search deal with Google is under threat due to DOJ's antitrust actions against Alphabet. This could impact Apple's revenue from search engine payments.
The DOJ's scrutiny of Google's search dominance could lead to the end of its deal with Apple, affecting Apple's revenue from search engine payments. This poses a potential downside risk for Apple.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet faces potential breakup by DOJ due to monopoly concerns, risking its lucrative search deal with Apple. Despite this, Alphabet's Q3 revenue rose 15%, boosting its stock price.
The DOJ's antitrust actions pose a significant risk to Alphabet's business model, particularly its search deal with Apple. However, strong Q3 results and a positive market reaction suggest short-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90