Google Pays Apple $3 Billion USD to Remain Default iOS Search Engine

According to reports, Google is paying Apple $3 billion USD to stay the default search engine on iPhones and iPads. Google paid Apple $1 billion USD three years ago for the same commitment and it's speculated that its licensing fees make up a large portion of Apple's services business. According to Bernstein analyst A.M. Sacconaghi Jr: "Court documents indicate that Google paid Apple $1B in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3B. Given that Google pay...