Apple Gains on US Ruling That Spares Search Deal With Google
Apple Inc. shares rose after a US judge refrained from blocking the company's search deal with Google. The deal, which generates around $20 billion in revenue annually for Apple, was at risk of being banned. However, the judge's ruling spared the arrangement, providing a relief for Apple. The search agreement between the two tech giants has been a significant source of income for Apple, contributing to its financial success. The court's decision not to interfere with this deal is seen as a positive development for the company, allowing it to continue benefiting from this revenue stream. The article highlights the importance of this agreement for Apple's business and the potential impact the court's ruling could have on the company's financial performance.
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