Bernstein
Tech Stocks
Google Is Paying Apple Up To $20B A Year To Be The Default Search On iPhones!
Google reportedly shells out a staggering $18 billion to $20 billion annually to ensure its search engine remains the primary choice on Apple's iPhones. The payments under the deal between Google and Apple constitute 14-16% of Apple's yearly operating profits, which a financial analyst believes could be in jeopardy.
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