Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • December
  • Apple seeks to defend Google’s billion-dollar payments in search case

Apple seeks to defend Google’s billion-dollar payments in search case

Editor December 24, 2024 2 minutes read
2024-12-24T152334Z_2_LYNXMPEKBN0BX_RTROPTP_4_TECH-ANTITRUST-GOOGLE-SEARCH-APPLE

By Jody Godoy

(Reuters) – Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.

Apple does not plan to build its own search engine to compete with Alphabet’s Google, whether or not the payments continue, the company’s lawyers said in court papers filed in Washington on Monday. Apple received an estimated $20 billion from its agreement with Google in 2022 alone.

Apple wants to call witnesses to testify at an April trial. Prosecutors will seek to show Google must take several measures, including selling its Chrome web browser and potentially its Android operating system, to restore competition in online search.

“Google can no longer adequately represent Apple’s interests: Google must now defend against a broad effort to break up its business units,” Apple said.

The Department of Justice’s prosecution of Google is a landmark case that could reshape how users find online information.

Google has proposed to loosen its default agreements with browser developers, mobile-device manufacturers and wireless carriers, but not to end its agreements to share a portion of ad revenue Google generates from search.

A spokesperson for Google declined to comment on Tuesday.

(Reporting by Jody Godoy in New York; Editing by Rod Nickel)


About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Big banks, business groups sue US Fed over annual stress tests
Next: Toyota is donating $1 million to Trump’s inauguration

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Lawsuit seeks to keep Trump’s face off of national parks annual pass
  • Trump troop deployments to US cities have cost more than $340 million, senator says
  • Exclusive-Taiwan’s deputy foreign minister made secret trip to Israel, sources say
  • Former ANZ CEO Elliott sues lender over $9 million bonus cut
  • Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

3 minutes read
  • Newsletters

Lawsuit seeks to keep Trump’s face off of national parks annual pass

Editor December 13, 2025 0
2025-12-11T185032Z_2_LYNXMPELBA11D_RTROPTP_4_USA-CONGRESS.JPG
2 minutes read
  • Newsletters

Trump troop deployments to US cities have cost more than $340 million, senator says

Editor December 13, 2025 0
4 minutes read
  • Newsletters

Exclusive-Taiwan’s deputy foreign minister made secret trip to Israel, sources say

Editor December 13, 2025 0
2025-12-12T013943Z_1_LYNXMPELBB019_RTROPTP_4_ANZ-GROUP-LAYOFFS.JPG
2 minutes read
  • Newsletters

Former ANZ CEO Elliott sues lender over $9 million bonus cut

Editor December 13, 2025 0
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com