As reported by Bloomberg, in 2014 Google paid Apple $ 1 billion to keep Google the default search on the iPhone and iPad. This was announced during one of the proceedings of Oracle against Google for copyright issues. Oracle’s lawyer Annette Hurst said that an agreement between the two technology corporations also stipulated that Google pays Apple a certain percentage of the proceeds received when using iPhone and iPad. According to her, this share reached 34% at some point in time.
Rumors of such an agreement went before, but then specific amount was not known, and the companies have been refusing to comment on this information. A few days ago, Google has released a statement where said that "the financial terms of the agreement between Google and Apple are very sensitive for both companies. Apple and Google have always considered this information as highly confidential." Google’s lawyer tried to get the court not to disclose this information, but the judge refused to fulfill the company’s request.
Recall that Oracle, one of the world's largest software developer, has filed a lawsuit against Google back in 2010. The company accused Google of violating several patents owned by Oracle’s technology related to Java. According to Oracle, Google, without consent of the right holder, included in the mobile OS Android series of proprietary Java-development.
Last July, Google released the quarterly report: its revenue increased in the second quarter by 11% to $ 17.7 billion, and net profit - by 17%, to $ 3.93 billion. Revenue growth was achieved primarily by increase in advertising revenue. After the report’s publication and Chief Financial Officer Ruth Porat’s speech on increased discipline in cost management, Google shares rose 12%.
Apple, which began selling its "smart" watches Apple Watch last April, came in second place in the market of portable devices, according to the IDC. In the second quarter, the company shipped 3.6 million units (19.9%). The current leader Fitbit shipped 4.4 million units (24.3%). Chinese Xiaomi Mi Band is in third place with 3.1 million "smart" watches (17.1%). Overall, the market of portable devices grew by 223.2%, to 18.1 million units.
source: bloomberg.com
Rumors of such an agreement went before, but then specific amount was not known, and the companies have been refusing to comment on this information. A few days ago, Google has released a statement where said that "the financial terms of the agreement between Google and Apple are very sensitive for both companies. Apple and Google have always considered this information as highly confidential." Google’s lawyer tried to get the court not to disclose this information, but the judge refused to fulfill the company’s request.
Recall that Oracle, one of the world's largest software developer, has filed a lawsuit against Google back in 2010. The company accused Google of violating several patents owned by Oracle’s technology related to Java. According to Oracle, Google, without consent of the right holder, included in the mobile OS Android series of proprietary Java-development.
Last July, Google released the quarterly report: its revenue increased in the second quarter by 11% to $ 17.7 billion, and net profit - by 17%, to $ 3.93 billion. Revenue growth was achieved primarily by increase in advertising revenue. After the report’s publication and Chief Financial Officer Ruth Porat’s speech on increased discipline in cost management, Google shares rose 12%.
Apple, which began selling its "smart" watches Apple Watch last April, came in second place in the market of portable devices, according to the IDC. In the second quarter, the company shipped 3.6 million units (19.9%). The current leader Fitbit shipped 4.4 million units (24.3%). Chinese Xiaomi Mi Band is in third place with 3.1 million "smart" watches (17.1%). Overall, the market of portable devices grew by 223.2%, to 18.1 million units.
source: bloomberg.com
