15 Aug 2017

Google is Paying Apple $3 billion per Year to Remain the Default Search Engine on iOS Devices

Fresh reports have it that Search Engine Giant Google pays Apple about $3 billion, every year to remain the default search engine on iOS devices, and these licensing payments make up a large bulk of Apple's services revenue.

This is up from a previous payment of $1 million in 2014 when the payment started. This payment from 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."

This information was leaked during the Copyright infringement suit against Google from Oracle. The drama gets worse, I will keep you updated with juicy updates.