Google to Pay Apple $3 Billion to Remain the Default Search Provider on the iPhone This Year [Report]

Google to Pay Apple $3 Billion to Remain the Default Search Provider on the iPhone This Year [Report]

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Google is estimated to be paying Apple $3 billion to remain the default search provider on the iPhone this year, according to a Berstein report. That number is up from $1 billion just three years ago.

"Court documents indicate that Google paid Apple $1B in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3B," Bernstein analyst A.M. Sacconaghi Jr. said. "Given that Google payments are nearly all profit for Apple, Google alone may account for 5% of Apple's total operating profits this year, and may account for 25% of total company OP growth over the last two years."

While Google could walk away from its deal with Apple, iOS devices are said to contribute about 50% of Google's mobile search revenue so the arrangement is seen as a win-win for both companies.

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Google to Pay Apple $3 Billion to Remain the Default Search Provider on the iPhone This Year [Report]
Mac - August 20, 2017 at 8:21pm
Surprise is coming...;)
Mac - August 20, 2017 at 8:20pm
Soon google will stop paying Apple for default searching engine, cause every one knows google search is the one only that can get you what you want.
D - August 17, 2017 at 6:00pm
Make Google Maps the default maps app and CarPlay app as well!!!
Durrr - August 15, 2017 at 3:27pm
Bing rewards... Lol.
Fred Ziffle - August 15, 2017 at 4:45pm
Free Xbox money every month.
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