Selling Chrome won't end Google search monopoly
This is just laughable.
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ has an almost 90% market share of search globally regardless of browser.
It pays $Apple(AAPL)$ $18B/yr to be the default search engine in iOS.
Simply selling Chrome to another company will not change Google’s search engine monopoly.
It’s simply restructuring masked as antitrust.
Image
$Apple(AAPL)$ market share in Indonesia's 35m/year smartphone industry is 12%. That works out to 4.2m iPhones each year with an estimated value of $4 billion. Not sure what a $100m investment will do to help the company comply with Indonesia's 40% local content requirement. That amount might just be for some basic assembly and/or packaging.
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
