Search Engine

A U.S. judge ruled that Google can continue paying Apple billions annually to remain the default search engine on iPhones. Apple shares surged after-hours following the decision. While stemming from a broader antitrust trial against Google, the ruling significantly impacts Apple’s revenue. The judge prohibited Google from exclusive contracts but stopped short of a complete payment ban, allowing potential renegotiation. Google can’t bundle Android services with Search. The DOJ antitrust suit alleged Google used exclusionary practices. Google intends to appeal, potentially leading to further trials and appeals.