Google paid Apple $ 1 billion in 2014 to remain the default search option iOS - Tech Meaning News

Google paid Apple $ 1 billion in 2014 to remain the default search option iOS

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Google paid Apple $ 1 billion in 2014 to remain the default search option iOS ,

Google paid Apple $ 1 billion in 2014 to maintain its search function on iOS devices Bloomberg reports, the result of an agreement, the two companies that gives Apple a percentage of revenue Google earns by iPhones and iPads. Bloomberg cites a court transcript of the Oracle case pending against Google - the same case yesterday revealed how much money Google makes from Android -. In which Oracle lawyer Annette Hearst described the figure at a hearing on January 14

Google and Apple have tried to hide the figure

Hearst Google cited a witness in the case who said that "at one time, the share of sales was 34 percent" between Apple and Google. After this figure was revealed, the two companies have tried to hide it, Bloomberg said. Google lawyer tried to make a reference to a share of 34 percent of revenues hit criminal record, but when the judge refused to do so, lodged a separate application to seal and redact the transcript. Apple later joined the filing in which Google said that "the specific financial terms of the Google agreement with Apple are very sensitive to both Google and Apple," and that the two companies deal details as "highly confidential . "

it is not yet clear whether the filing of Google was successful, but shortly after it appeared online, the transcript was apparently removed from electronic court records. However, this is not the first time he has been reported Google pays Apple to remain the default search engine on iOS. Morgan Stanley and Macquarie analysts cited the same figure of $ 1 billion in the past, in the reports published in 2012 and 2013. If anything, it's more of a surprise that Apple's rate has not changed significantly over the years as iPhones have increased in sales, from $ 1 billion mentioned there are four years.