Source link : https://tech365.info/apple-warns-buyers-about-danger-of-huge-deal-with-google-ending/
On its quarterly earnings calls, Apple gives casual monetary steerage that helps set expectations for traders and Wall Road analysts. On its newest earnings name yesterday, nevertheless, Apple talked about one thing that it had not earlier than.
Particularly, Apple’s CFO Kevan Parekh stated that the corporate’s September quarter income outlook was contingent on Apple’s revenue-sharing settlement with Google persevering with. As famous by Jason Snell at Six Colours, that is seemingly the primary time Apple has immediately referred to the specter of dropping this income inside its ready remarks.
Here’s what Parekh stated, with emphasis added:
As we transfer into the September quarter, I might prefer to evaluation our outlook, which incorporates the varieties of forward-looking info that Suhasini referred to. Importantly, the colour we’re offering assumes that the worldwide tariff charges, insurance policies, and software stay in impact as of this name, the worldwide macroeconomic outlook doesn’t worsen from as we speak, and the present revenue-share settlement with Google continues.
Google reportedly pays Apple billions of {dollars} per yr to be the default search engine in Safari throughout the iPhone, iPad, and Mac, with a courtroom doc revealing that Google paid Apple a whopping $20 billion in 2022 alone.
In August 2024, a U.S. federal choose dominated that Google’s default search engine settlement with Apple violated antitrust legislation. Nonetheless, the…
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Author : tech365
Publish date : 2025-08-03 06:24:00
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