Apple: Raiding The Google Piggy Bank
Apple apparently obtained a large hike to the fees Google pay as the default search browser on Apple products. Google has recently complained about the rising TAC. The near pure profit search revenues should boost FY19 EPS targets towards $14.50. One doesn't have to look very hard to make a bullish thesis on Apple ( AAPL ) based on their growth in the Services division. The shocking news of the last week is that a portion of the revenue base is set for a major boost thanks to Google ( GOOG , GOOGL ). These high-margin revenues might provide a bigger boost to the bottom line than the new iPhones. Read the full article on Seeking Alpha. Disclosure: Long AAPL. Please review the disclaimer page for more details.