By: Economic & Finance Report
It has been speculated that Google pays Apple to keep their search engine on their phones. The sum that they actually pay is presumed around $1 billion dollars. Both Apple and Google have declined to discuss on the rumor, but other sources in Silicon Valley have indicated Google pays a hefty fee, and has in the past several years to keep their search engine on the Iphone.
Business insiders believe both companies benefit having each other on their products, as the advertising revenue produces much advantages for both technology titans. Oracle who is in a nasty court battle with Apple, in court documents filed; indicated that both companies entered private partnerships with each other on ad sharing and keeping their brands on each of their products that are serviced. -SB