On its quarterly earnings calls, Apple provides informal financial guidance that helps set expectations for investors and Wall Street analysts. On its latest earnings call yesterday, however, Apple mentioned something that it had not before.
Specifically, Apple’s CFO Kevan Parekh said that the company’s September quarter revenue outlook was contingent on Apple’s revenue-sharing agreement with Google continuing. As noted by Jason Snell at Six Colors, this is seemingly the first time Apple has directly referred to the threat of losing this revenue within its prepared remarks.
Here is what Parekh said, with emphasis added:
As we move into the September quarter, I’d like to review our outlook, which includes the types of forward-looking information that Suhasini referred to. Importantly, the color we’re providing assumes that the global tariff rates, policies, and application remain in effect as of this call, the global macroeconomic outlook does not worsen from today, and the current revenue-share agreement with Google continues.
Google reportedly pays Apple billions of dollars per year to be the default search engine in Safari across the iPhone, iPad, and Mac, with a court document revealing that Google paid Apple a whopping $20 billion in 2022 alone.
In August 2024, a U.S. federal judge ruled that Google’s default search engine agreement with Apple violated antitrust law, but a final judgment has yet to be made, and Google will almost certainly appeal any unfavorable decision.
“I don’t really want to speculate on the court ruling and how they would rule and what we would do as a consequence of it,” said Apple CEO Tim Cook, on the earnings call.
Popular Stories
When Is iPhone 17 Coming Out?
Apple’s iPhone 17 series is expected to debut in September 2025. This release follows Apple’s recent trend of introducing new iPhone models annually in the fall.
To unveil the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max, Apple is expected to hold its annual iPhone announcement event during the week of September 8, 2025, with September 9 or 10 emerging as the most likely…
iPhone 17 Pro Launching in Two Months With These 16 New Features
Apple’s iPhone 17 Pro and iPhone 17 Pro Max should launch in late September, and there are plenty of rumors about the devices.
Below, we recap key changes rumored for the iPhone 17 Pro models, as of July 2025:Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone X through iPhone 14…
Apple Releases watchOS 11.6
Apple today released watchOS 11.6, the sixth update to the operating system that runs on the Apple Watch. watchOS 11.6 comes more than two months after Apple released watchOS 11.5. The update is compatible with the Apple Watch Series 6 and later, all Apple Watch Ultra models, and the Apple Watch SE 2.
watchOS 11.6 can be downloaded on a connected iPhone by opening up the Apple Watch app and…
Tipster: iPhone 17 Pro to Feature 8x Zoom, Pro Camera App, and More
Apple’s upcoming iPhone 17 Pro models will have several new camera-related features, according to an anonymous tipster who contacted MacRumors today.
The tipster claimed to be familiar with an iPhone 17 Pro commercial that is allegedly being produced by a film company that has publicly listed Apple as one of its clients. MacRumors has not independently confirmed any of the information shared …
iPhone 17 Pro Max Rumored to Have 3 Advantages Over iPhone 17 Pro
Apple’s highest-end iPhone 17 Pro Max model may have three key advantages over the smaller iPhone 17 Pro model, according to rumors.
Specifically, the iPhone 17 Pro Max is expected to have…A larger 6.9-inch display (vs. 6.3-inch display on the iPhone 17 Pro)
Even longer battery life (an approximately 5% thicker design may allow for a 5,000 mAh or higher battery capacity)
A smaller Dynamic…
Apple Releases macOS Sequoia 15.6
Apple today released macOS Sequoia 15.6, the sixth major update to the macOS Sequoia operating system that launched last September. macOS Sequoia 15.6 comes a over two months after the launch of macOS Sequoia 15.5.
Mac users can download the macOS Sequoia 15.6 update through the Software Update section of System Settings. It is available for free on all Macs able to run macOS 15.
…
Apple Releases iOS 18.6 With Photos Bug Fix
Apple today released iOS 18.6 and iPadOS 18.6, the sixth updates to the iOS 18 and iPadOS 18 operating systems. iOS 18.6 and iPadOS 18.6 come more than two months after the release of iOS 18.5 and iPadOS 18.5.
The new software can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update.
iOS 18.6 addresses a Photos-related bug that could…
Oops: Apple’s Latest Billboard Features Phallic Design
Apple has a new ‘Shot on iPhone’ billboard design that combines iPhone photography with iPad sketches, but as one Reddit user noticed, the result is decidedly phallic.
The billboard was shared on the Miami subreddit earlier this month, and highlighted by the Miami New Times earlier today. The design features a photo of a shark along with a cartoon scuba diver that has an oversized finger…