Google’s Paying a Fortune Every Year to Be the Default iPhone Search Engine
iPhones come with Google as the default search engine in Safari, and this is only the result of the Mountain View-based search company paying a fortune every year to Apple.
Analyst Rod Hall at Goldman Sachs claims it costs Google $9 billion every year to remain the default search engine on the iPhone, and the amount is likely to increase very soon. Google could pay no less than $12 billion next year, if the analyst forecast is accurate.
“We believe this revenue is charged ratably based on the number of searches that users on Apple’s platform originate from Siri or within the Safari browser,” the analyst was quoted as saying.
Huge fee per iPhone user