1 Glaring Risk for Apple Stock Investors That Just Got More Concerning
Surprising news emerged from the Department of Justice's (DOJ) antitrust lawsuit against Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) recently. According to media reports, a witness stated that (NASDAQ: AAPL) receives 36% of the Google Search revenue that goes through the Safari browser that Apple pre-installs on its devices. This was a startling figure and I think it highlights a weakness Apple investors need to be aware of now.
To put some context on Apple and Google's search distribution relationship, let's go back a few years. When Apple products saw a resurgence in popularity during the early 2000s, Google went to the hardware maker and struck a deal with it to make Google the default search engine on Apple's pre-installed Safari internet browser.
Source Fool.com
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