05.08.2025
Following Apple mentioning that it was looking to add AI search to the iPhone and perhaps replace Google, shares in the search engine giant dropped over 7% — and Google
Google on iPhone
Apple's comments were made by its senior vice president of services, Eddy Cue, in his testimony during the latest stage of the Department of Justice versus Google case. That case could see Google being forced to stop paying Apple for being the iPhone's default search engine, and Cue suggested that Apple was looking for alternatives anyway.
According to Reuters, the comments hit Google parent company Alphabet hard. Its shares closed down 7.3%, representing a drop in its market value of approximately $150 billion.
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