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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Related Forum: Mobile Devices
Source: http://www.neowin.net/news/google-paid-apple-1-billion-to-keep-its-search-bar-on-the-iphone
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Comments
TTG_Storm132Posted:
Slag Wow 1 billion for that god damn
That's nothing to them though, they probably spend that in a couple weeks just keeping their servers and offices running.
ThespianPosted:
It's weird to think google is paying Apple when it should kind of be the other way around. Google seems like the more superior business.
FoldPosted:
Miss Apple should've paid Google that amount to let them keep it on their phone.
That's kind of what I'm thinking. I'm shocked that google is the one feeling as though they need to pay to keep themselves active, when they are by far the most widely used search engine around. Any machine that has an integrated google search is going to be a much more successful device, and apple knows this, and yet they somehow just banked 1 billion off of it.
Green-TeaPosted:
Wow. If they can give that much to keep a search bar, I wonder how much they are holding currently..
DinklebergPosted:
If Google pays $1 billion for a search bar, I would like a small loan of a million dollars.
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