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Apple Faces $20 Billion Loss Amid Google Deal Uncertainty

3/25/2025

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Summary

Story summary

Apple could be staring down a staggering $20 billion loss as delays in addressing a federal judge's inquiries threaten its lucrative search engine deal with Google. This agreement, which contributed to 25% of Apple's services revenue in 2022, hangs in the balance amid the Department of Justice's antitrust case against Google. Notably, Apple will miss the upcoming live hearing in April.

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Story summary

Apple could be staring down a staggering $20 billion loss as delays in addressing a federal judge's inquiries threaten its lucrative search engine deal with Google. This agreement, which contributed to 25% of Apple's services revenue in 2022, hangs in the balance amid the Department of Justice's antitrust case against Google. Notably, Apple will miss the upcoming live hearing in April.