Google antitrust ruling is a negative for its credit and Apple’s – Moody’s

Moody’s Ratings said Wednesday that Google’s loss in an historic antitrust case was “credit negative” for parent company Alphabet as well as Apple, which the search giant pays tens of billions of dollars a year to be the default search engine in Apple’s Safari browser.
Miles Kruppa for The Wall Street Journal:
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The ruling is negative for Alphabet’s credit because “it may need to alter its very profitable business model that made it a dominant force in targeted advertising,” Moody’s analysts wrote. It is negative for Apple because “it stands to lose a highly profitable, substantial revenue stream,” they wrote.

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MacDailyNews Take: In the long run, Apple will be better off by not lazily taking Google’s dirty money.
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