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Apple's annual profit is around $180 billion right now. It'll be fine without the $20 billion from Google even if it does mean the share price goes down a bit f
by Jtsummers 1y ago
Apple's annual profit is around $180 billion right now. It'll be fine without the $20 billion from Google even if it does mean the share price goes down a bit for a couple years.
Look at the other side of the transaction, though. Google is going to be saving $20 billion a year and will be able to actually invest it in something other than buying a default. With $20 billion a year, unless they're grossly incompetent, they ought to be able to spend it on something that makes people want to use them as the default rather than be forced to use them as the default.
- taylodl 1y agoGoogle is quietly exiting that business anyway to focus on AI. I seriously doubt they were planning on renewing their contract with Apple.