Wall Street investment bank Jefferies analysts said on Wednesday local time that the US Department of Justice “probably” will ban long-term search transactions between Google and Apple. Jefferies anticipates that in order to ensure that Google Search becomes the default search engine for products such as iPhones, Google will pay Apple about $25 billion a year. This fee accounts for 20% of Apple's profit before tax, accounts for about 6.3% of Apple's total revenue, and affects its stock price between 8% and 11%.

Wall Street investment bank Jefferies analysts said on Wednesday local time that the US Department of Justice “probably” will ban long-term search transactions between Google and Apple. Jefferies anticipates that in order to ensure that Google Search becomes the default search engine for products such as iPhones, Google will pay Apple about $25 billion a year. This fee accounts for 20% of Apple's profit before tax, accounts for about 6.3% of Apple's total revenue, and affects its stock price between 8% and 11%.