Google Paid Apple a Mind-Boggling $1Billion Dollars for the iDevice Search Bar
According to a new report today, Google Inc. is paying Apple Inc. a hefty fee to keep its search bar on the iPhone. We learned from a transcript of court proceedings from Oracle's copyright lawsuit against Google that Apple received $1 billion from its rival in 2014. 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. Google was so embarrassed by the fact that testimony pointed to Google paying Apple 34% of the ad revenue that they asked the court to seal that number. The Judge refused. Now the laughter begins. For more, read the full BloombergBusiness report here. For the record, the report actually narrowed the price that Google paid Apple to just the iPhone.
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