Analyst: Google Pays Apple Up to $20 Billion a Year to Protect Search Engine, 16% of iPhone Maker’s Profits
According to a stock market analyst firm, the massive annual payment from Google to Apple to secure its status as the default search engine on iPhones and other Apple devices is now in the range of $18 to $20 billion, representing an incredible 14 to 16 percent of Apple’s annual operating profits. Market analyst Bernstein warned its clients that Apple’s Google gravy train may be altered forever by the landmark antitrust case against the internet giant.