Google could pay Apple $9 billion to be default search engine on iPhones

By Digit NewsDesk | Published on Sep 30 2018
Google could pay Apple $9 billion to be default search engine on iPhones
HIGHLIGHTS

According to an analyst, the amount is being charged on the basis of the revenue that originates from Siri or within Safari browser.

A quick look at some key features of Philips’ air purifiers

This handy little gadget has become a necessity, especially in metropolitan cities where pollution levels tend to be quite high

Click here to know more

Google will reportedly pay Apple an amount of $9 billion (approx Rs 65,000 crores) to remain the default search engine for iPhone's Safari browser this year. According to Goldman Sachs analyst Rod Hall, the amount could go up to $12 billion (about Rs. 87,000 crores) in 2019. The also claims that Apple is one of the biggest sources of traffic for Google on Search.

“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,” Business Insider quoted Hall as saying in an investor note. According to the report, in 2013 and 2014 the sum was $1 billion (Approx Rs. 7,250 crores), and in 2017 the figure was reportedly $3 billion (about Rs 21,750 crores). Apple is said to use Google as the default search engine in Safari on iPhones and iPads that run on iOS. Apart from this, the Cupertino-based giant also uses Bing in several other places such as searching the web via Siri.

Apple recently announced the financial results for its fiscal 2018 third quarter and said it posted a quarterly revenue of $53.3 billion which is an increase of 17 percent from the quarter a year-ago. Apple said that the international sales accounted for 60 percent of the revenue. “We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth. Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline,” Apple’s CEO Tim Cook said at that time..

“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion. We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases,” Apple CFO Luca Maestri added. The Apple Services arm grew 31 percent from a year ago, contributing $9.6 billion in revenue (from the $7.3 billion reported for the period in 2017). The June 2018 quarter is the 13th consecutive quarter to register a double-digit revenue, Apple noted.

Videos

Apple Watch Series 4 First Look | Digit.in
logo
Digit NewsDesk

The guy who answered the question 'What are you doing?' with 'Nothing'.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.