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Google to pay Apple $3 billion

Google to pay Apple $3 billion

US-based, investment research and management firm ‘Bernstein’ claims that Google has agreed to pay nearly $3 billion to remain the default search engine on iOS devices. The amount has increased 3 times from 1 billion dollars in 2014 to 3 billion this year. Google may account for 5% of Apple’s total operating profits this year. Whereas, Apple's iOS devices contribute about 50% to Google's mobile search revenue.

read more at Business Insider

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