FAST FIVE: How The DoJ's Anti-Trust Lawsuit Against Google Could Hammer Apple At A Critical Time
Bernstein, Apple and Google have a special link – and it's one of the elements of Google's business that's come under the microscope as a key element of the government's case.
He estimates that Apple's stock could fall as much as 20% if the deal with Google were to be eliminated entirely.
At that time, Apple booked nearly $200 billion in sales during the 2014 fiscal year.
Of course, as Sacconaghi points out, Google has just as much to lose.
Should the arrangement unravel, Apple could scoop up a small competitior, say DuckDuckGo, and start to muscle in on Google's search traffic, which supplies much of the data that the company repackages for resale to its clients.