Google Paid Apple $1 Billion in 2014 to Keep Search Bar as a default search engine on all iDevices

Google Paid Apple $1 Billion in 2014 to Keep Search Bar as a default search engine on all iDevices

According to the Bloomberg, Google Inc. paid Apple Inc. $1 billion in 2014 to keep search bar as a default search engine on all iDevices.


According to the Bloomberg, Google Inc. paid Apple Inc. $1 billion in 2014 to keep search bar as a default search engine on all iDevices. The deal was revealed directly from a transcript of court proceedings from Oracle’s Corp’s copyright lawsuit against Google which states that the search engine has an agreement with Apple that gives percentage of the search revenue Google generates through the Apple devices.

Though, it was not made clear in the transcript if 34 percent will be the revenue but Annette Hurst, the Oracle attorney revealed the details of the Google / Apple agreement, said a Google witness questioned during pretrial information said that “at one point in time the revenue share was 34 percent.”

Oracle has been battling Google since 2010 over claims that the search engine company used its Java Programming Language to develop Android without paying for it by which Oracle now seeks may exceed $1 billion to cover newer Android versions.
There have been many rumors about how much Google pays Apple to be on the iPhone have circulated for years, but the companies have never publicly disclosed it. Kristin Huguet, a spokeswoman for Apple, and Google spokesman Aaron Stein both declined to comment on the information disclosed in court.
According to the Bloomberg, Google Inc. paid Apple Inc. $1 billion in 2014 to keep search bar as a default search engine on all iDevices.

The revenue-sharing agreement reveals the lengths Google must go to keep people using its search tool on mobile devices. It also shows how Apple benefits financially from Google’s advertising-based business model that Chief Executive Officer Tim Cook has criticized as an intrusion of privacy.

“The specific financial terms of Google’s agreement with Apple are highly sensitive to both Google and Apple,” said Google's filing. “Both Apple and Google have always treated this information as extremely confidential.”
Bloomberg also noted that the transcript has vanished without a trace from electronic court records at about 3pm PT yesterday with no indication that the court ruled on Google’s request to seal it.
[Source: Bloomberg]
Google Paid Apple $1 Billion in 2014 to Keep Search Bar as a default search engine on all iDevices Google Paid Apple $1 Billion in 2014 to Keep Search Bar as a default search engine on all iDevices Reviewed by iMangoss on 11:32:00 PM Rating: 5

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