Apple (AAPL) May Lose $20B in Revenue & The Stock Could Suffer
Despite the US stock market rally that reinvigorated Wall Street this week, one top tech company may be poised to take a major hit. Indeed, Apple (AAPL) may be set to lose $20 billion in revenue as the Magnificent 7 stock could be the one that pays the price. The iPhone developer has long been dependent on the payment from Alphabet (GOOGL) that makes its Google search engine the default for all of its consumer electronics. That could be set to go away soon. The implications are so worrisome that Apple Vice President Eddy Cue recently said he “loses sleep” at the thought of no longer having the revenue. Source: MacRumors Also Read: Apple (AAPL): 3 Factors That Will Make or Break Its 2025 Price Apple Faces Losing $20B in Revenue: Could the Stock Crash? The US stock market rebounded in a big way this week. Indeed, with geopolitical tension easing and trade deals imminent, there is a bullish sentiment beginning to arrive. Throughout the week so far, the S&P 500 gained so mu...