Google Paid $1 Billion To Keep Default Search Engine On Apple iPhones

Google has a deal with Apple on a revenue sharing pays a portion of the search revenue it makes from having its engine on the iPhone.iphone

according Oracle lawyer Annette Hurst “at one point in time the revenue share was 34 percent.” Bloomberg reported that it was unclear whether that statistic referred to the percentage of revenue Google paid to Apple or kept for itself. Nonetheless, the total in 2014 appeared to hit $1 billion.