Google paid Apple $1 billion to be the search engine on your iPhone

The fact that Google is the default search engine on your browser is not a coincidence. It's a $1 billion deal between Google and Apple

That was the previously unknown revelation in a Jan. 14 court hearing around a completely unrelated issue: Oracle's lawsuit against Google for a long-running and very boring copyright dispute about whether Google borrowed Oracle's Java technology to build Android phones

The documents show that Google paid Apple $1 billion in 2014 to be the preferred search engine on the iPhone, reported Bloomberg News. The two companies then agreed to share revenue — presumably from search ads — but it's not clear how the money was split. Read more...