Google paid Apple almost $10 billion to continue as default search engine
Safari on iPhone X
This share translates into a figure that sits somewhere between $9 and $10 billion and is directly related to the internet giant’s search efforts. As things stand, Apple is one of the biggest channels of traffic acquisition for Google – it accounts for roughly half of all mobile revenue – and in order to maintain these numbers the company pays Apple a substantial sum each year.
For Apple, such agreements are understood to be almost pure profit and, with the company’s user install base continuing to grow, the iPhone giant can continue to increase its prices each year, thus benefiting its Services business dramatically.
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FCC OKs Cingular\'s purchase of AT&T Wireless
Things that are NOT allowed: