Bank of America said the U.S. Department of justice's antitrust lawsuit against Google could cause some collateral damage to its partner apple.The U.S. Department of Justice filed a formal lawsuit against Google on Tuesday, accusing the company of illegally using its market power to suppress competitors and maintain an illegal monopoly in Internet search and search advertising. This is the most significant antitrust lawsuit faced by American companies in more than 20 years or even a century.
Google then responded that there were "serious defects" in antitrust litigation.
Bank of America points out that in order to ensure the default settings andAppleGoogle has paid apple a huge license fee, estimated at $10 billion a year, for other access to browsers on devices. Bank of America said the revenue source, which accounts for about 15% of Apple's total service revenue, could be threatened by litigation.
The house antitrust Committee previously released a report that Google and three other technology giants, Facebook, apple and Amazon, abused their digital economy portal status to crack down on competition.