Have you ever wondered how much it costs to be the default search engine on iOS? Well the answer is now public, and the number is one billion dollars. This information just came to light through information exposed via an ongoing legal battle between Google and Oracle.
Apple received $1 billion from its rival in 2014, according to a transcript of court proceedings from Oracle Corp.’s copyright lawsuit against Google. The search engine giant has an agreement with Apple that gives the iPhone maker a percentage of the revenue Google generates through the Apple device, an attorney for Oracle said at a Jan. 14 hearing in federal court. (Source – Bloomberg)
Sure, you could say that Apple choose Google because they are the most popular search engine out there…but Siri has defaulted to Bing for some time so that’s not the case. What this does show you is all of the massive revenue streams Apple has, so many you can’t even keep track of them, and yes – just one of them can be a cool billion dollars.