The European Commission had solid antitrust reasons for fining Google €4.3 billion ($5 billion) for violations including the bundling of certain apps with the Android operating system-and for not going after Apple for similar behaviour.
I told you so!
European Competition Commissioner Margrethe Vestager has explained why Google will be fined a record 4.34 billion euro or $5 billion during her press meet. "They truly have taken advantage of the USA, but not for long!"
The EU said Wednesday that Google broke the rules when it required mobile phone producers to pre-install the Google Search and browser apps if they wanted to use Google's app store.
"I told you so!" It is not clear, however, from the tweet, what actions the Trump administration might take against the fine.
Google immediately said it will appeal.
The report also asserts that members of the team say that Fuchsia could someday power all of Google's devices, including Pixel smartphones and Google Home speakers, as well as third-party devices that now rely on Android and or Chrome OS.
Trump said on Wednesday he was looking forward to a 25 July visit by EU Commission president Jean-Claude Juncker, who is coming to the White House to discuss the trade relationship. Trump has imposed tariffs on steel and aluminum imports from the EU and is considering levies against European automobiles sold in the U.S. He recently described the EU, which includes some of America's strongest allies, as a "foe" of the U.S. However, this is not the first time that Google is facing such a hefty penalty.
GSMA, the global wireless carriers' trade body, welcomed the ruling, saying services developed by its members can now better compete with software vendors.
Previous year eMarketer forecast almost $50billion would be made by Google in 2017 from mobile ad revenue. Currently, the free operating system installed on the vast majority of European smartphones.
Polar Capital fund manager Ben Rogoff said: "The reality is that as long as they're delivering great utility to their consumers, consumers will still use those platforms", he said. As a result, it is the most widely used system, beating even Apple's iOS. The installation of other apps will give room for competition from other firms and also minimize the advertising revenues gained by Google annually. Trump slapped tariffs on steel and aluminium imported from the European Union, and is considering extending these to include imported cars. These have enabled Google to use Android as a vehicle to cement the dominance of its search engine. "Our position is not altruistic, and we are not defending open source", wrote Bruce Gustafson, President & CEO of the Developers Alliance in a recent blog post.