Google pay Apple $12 billions each year, wtf!
Oct 25, 2020
45 Comments
Apple now receives an estimated $8 billion to $12 billion in annual payments — up from $1 billion a year in 2014 — in exchange for building Google’s search engine into its products. It is probably the single biggest payment that Google makes to anyone and accounts for 14 to 21 percent of Apple’s annual profits.
Easy money?
#tech
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3. Read a bit about core location and background execution and modes. If you were right - Waze and google maps couldn’t run in background. In short not the case. Can you get 24/7 runtime in the background ? Nope.
Seems like a win-win.
Also, I don't think I would compare this to profits but rather revenue.
Even if Bing got to be the default, Bing’s total revenue from getting to be default would likely be less than 35% of the TAC Google pays Apple. That’s because Google can much better monetize each ad due to its monopoly position. There would also be more users who would modify the default, again because of the monopoly.