AAPL
🔄 Apple indicated its lucrative search deal with Google might not be essential long-term, hinting at a future where even the iPhone could be obsolete.
🤖 The company plans to revamp its Safari browser around AI services like ChatGPT and Perplexity, alongside Cloud, signaling a major strategic shift.
📉 This potential move away from Google as the default search provider caused Google’s stock to fall, highlighting the evolving tech landscape.
@bernardodegarcia:
“Let’s move on to Apple. Because Apple and Google put on quite a show yesterday. I don’t know if you were paying attention, but we talked about it quite a bit yesterday as well. Apple made an unusual presentation in its attempt to save a lucrative search partnership with Google, stating that the agreement might not be necessary in the long term and that even the iPhone could become obsolete. Eddie Cue, Apple’s Senior Vice President of Services, made this argument during his testimony yesterday in the U.S. Department of Justice’s monopoly trial against Google. Although Apple receives approximately $20 billion a year from the company in exchange for making Google’s search engine its default option, Cue admitted that the entire landscape is changing. Apple already plans to reshape its Safari web browser around artificial intelligence services like ChatGPT and Perplexity, in addition to Cloud. He stated that technological changes create these opportunities and added that he believes AI providers will eventually become options in Safari as alternatives to the search engine. This led to, ‘Oh my God, Apple won’t need Google for anything anymore,’ and Google fell.”
Watch the exact part of the video where Bernardo de Garcia talks about Apple here:
Watch the video on YouTube
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