Justice Department will ‘very likely’ kill Google’s billion-dollar deal to be the default search engine on iPhones, Jefferies predicts

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Jefferies estimates the $25 billion deal makes up 20% of Apple’s pretax profit, or about 6.3% of total revenue, representing an 8% to 11% hit on share prices.

https://fortune.com/2024/10/16/apple-google-search-deal-antitrust-doj-jeffries/