Google can no longer ‘adequately represent’ Apple’s interests – iPhone maker seeks to defend $20 billion search deal in landmark antitrust case – Alphabet (NASDAQ: GOOG ), Apple (NASDAQ: GOOG ) Dak stock code: AAPL)

apple inc. AAPL Intends to participate in upcoming U.S. antitrust trial involving alphabet inc. Google Google Google.

What happened: According to Reuters, the move comes as Apple seeks to defend its multibillion-dollar revenue-sharing agreement with Google, a key source of revenue for the tech giant.

Regardless of whether payments continue, Apple has no plans to develop its own search engine to compete with Google, according to court documents filed in Washington on Monday.

Apple said, “Google can no longer adequately represent Apple’s interests: Google must now resist efforts to massively break up its business units.”

See also: Want $500 in Google Store Credit? this is what you need to do

Apple is preparing to testify in a trial scheduled for April.

Prosecutors aim to prove that Google needs to take a number of steps, including selling its Chrome alloy Internet browsers and their possibilities Android operating systems to re-establish competition in the online search market.

In 2022 alone, Apple’s agreement with Google will bring in approximately $20 billion in revenue.

Alphabet did not immediately respond to Benzinga’s request for comment.

Why it’s important: On December 20, Google responded to the remedies proposed in the Justice Department’s search distribution case, focusing on non-exclusiveness and increased flexibility to limit regulatory overreach.

Last year, Apple Eddy Cuy Despite lamenting Google’s privacy policies, he justified the multibillion-dollar deal with Google, calling it the best option.

Price Action: Alphabet’s Class A shares rose 0.76% to close at $196.11 on Tuesday, while Class C shares rose 0.81% to close at $197.57, according to Benzinga Pro. Apple shares rose 1.15% to close at $258.20 during the regular trading session, but fell 0.039% in after-hours trading.

Image credit: Koshiro K on Shutterstock

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Disclaimer: This content is generated in part with the help of artificial intelligence tools, and is reviewed and published by Benzinga editors.