Google may have paid Apple $3 billion to remain the iPhone's default search engine (AAPL, GOOG, GOOGL)

AP Apple won't say what the exact number is, but Google pays a substantial amount of money to Apple in order to remain the default search engine on iPhones and iPads. A new analysis from Bernstein analyst Toni Sacconaghi estimatesthat Google might be paying Apple as much as $3 billion per year. Based on that estimate, Google may account for 5% of Apple's total operating profits this year, and up to 25% of total operating profit growth recently, according to the Bernstein research. The only hard ...