Google paid Apple $1 billion to keep its search bar on the iPhone
It has been recently revealed that Google paid $1 billion to Apple in 2014 in order to keep its search bar on the iPhone. The information was discovered through transcript of court proceedings from Oracle Corp.'s lawsuit against the search giant. The documents further disclosed that as part of the agreement, Apple has a right to a percentage of the revenue Google earns by putting its search bar on the handset.
Regarding how much revenues are split, Anne Hurst, a lawyer for Oracle, during the trial revealed that earnings from the search bar at one point in time were at 34 percent. However, it was not clarified whether this percentage of the split is the one paid to Apple, or the one earned by Google.
According to Bloomberg, Google said in a filing that such information was deemed to be "extremely confidential," and divulging such information to the public could affect both companies' ability to negotiate in the future.
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Source: http://www.neowin.net/news/google-paid-apple-1-billion-to-keep-its-search-bar-on-the-iphone
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DeluxeHazardPosted:
Eli Damn Google throwing around the big bucks.
I mean it's Google. They have enough money to do something like this.
MushroomElmPosted:
*Gives them 1 billion* *Has to give up 30ish% of the revenue used by searches* *Claims its a good financial move*
Lol. Screw Apple. I honestly don't see the big thing about the IPhone. I will admit, I like them. But they are so simple, and cheaply made, that they don't warrant the huge cost and the huge hype. It's whatever though. I'm very happy with my Android, and I'm very happy with my Ipod with no complaints aside that, both, cost way too much in the end.
Lol. Screw Apple. I honestly don't see the big thing about the IPhone. I will admit, I like them. But they are so simple, and cheaply made, that they don't warrant the huge cost and the huge hype. It's whatever though. I'm very happy with my Android, and I'm very happy with my Ipod with no complaints aside that, both, cost way too much in the end.
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