Lucrative, closed-door dealings between Apple and Google are under scrutiny at an antitrust trial in Washington, as senior Apple executives take the stand.
“It’s playing both sides of the street,” Justice Department attorney Kenneth Dintzer declared in his opening argument last week, about the contracts Google used to land its search engine as the default.
Prosecutors are expected to grill both executives about the Apple-Google accords, seeking evidence that Google used its monopoly power to accumulate 90 percent market share in general search, dictate terms and prevent Apple from experimenting with other search engines. Google is expected to try to elicit evidence from the executives that Apple chose Google search freely, simply because it was the best product.
Equity research firm Sanford Bernstein estimates Google will pay Apple between $18 and $19 billion this year for default search status, more than the market capitalization of Best Buy or the GDP of Mongolia, and nearly 5 percent of Apple’s 2022 revenue.Neil Shah, vice president of research at Counterpoint Research, points out that while Apple has 52 percent of the U.S. smartphone market overall, it commands a whopping 80 percent of the premium smartphone market.
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