Google Pays Apple Over $100 Million Annually in iPhone Deal

Google is paying Apple over $100 million annually in its revenue sharing deal for the iPhone, according to BusinessInsider.

The information comes from a source who says the rumor that Apple is building its own search engine "isn't credible" since "there's too many options" for search on the market.

If Apple wanted more money or options, there's Microsoft -- with Bing and a big checkbook.


The same source says when Apple first introduced the iPhone, it hammered out its deal for Google Maps in two weeks. However, when Apple was readying the iPhone 3G with GPS, it was a six-month process "full of acrimony" to get the maps deal finished.

Google wanted access to all sorts of data from the maps, but Apple didn't want to give it up.

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