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Silicon Valley's most powerful alliance just got stronger [Verge, The]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
As the executive overseeing Apple's services division, he's highly incentivized to protect the tens of billions of dollars a year that Google pays to be the default search engine in Safari. “I've lost a lot of sleep thinking about it,” he said from the witness stand during Google's antitrust trial earlier this year. Luckily for Cue, his court testimony appears to have had a significant impact on Judge Amit Mehta, who ruled this week that Google's default payments to Apple and others can continue. You can see Cue's arguments at trial mirrored in Mehta's ruling: the Apple SVP said it would be “crazy” to punish the iPhone maker by restricting Google's ability to pay for default status, and that the rise of AI companies was remaking the search market anyway. In an attempt to downplay the significance of Apple and Google's deal, Cue went so far as to say that Google searches in Safari were declining for the first time, which temporarily caused Google's stock price to drop. Those are t
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