Apple's $1 Billion Payout from Google

MaddiRuhl on Friday January 22, 2016 at 11:39:52 AM

Apple's $1 Billion Payout from Google

According to a recent report, Google paid Apple $1 billion in 2014 for its search function to stay on iOS.

As the dust settled from a January 14 court case between Oracle Corp. and Google, legal transcripts from the session were reported on by Bloomberg before their abrupt removal from the web. According to Bloomberg, the proceedings transcript indicated that Google paid Apple $1 billion in 2014 to keep its search function on the iPhone. This money allegedly comes from the accumulation of a percentage of revenue from Google Search on iOS. Oracle attorney Annette Hurst stated that a Google witness had reported percentages as high as 34%, but not whether or not this number applied to Google or Apple's share.

Among many details of the proceedings, Google was not enthusiastic about these percentages being made public. "That percentage just stated, that should be sealed," said Robert Van Nest in the transcript, according to Bloomberg. In addition, Google submitted a filing on January 20 that requested the entire transcript be redacted and sealed. "The specific financial terms of Google's agreement with Apple are highly sensitive to both Google and Apple," stated Google, and further added that these details were "extremely confidential." Although the court did not answer this request in any public forum, the transcript was quickly taken down. Other details leaked from Hurst and the briefly exposed transcript indicate some of Google's 2014 finances, including $22 billion in Android profits, along with a revenue of $31 billion.

Photo: © iStock.


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