Apple and Google are fierce rivals -- and crucial partners.
Google pays Apple $8B to $12B a year, its single biggest payment to anyone. That accounts for 14% to 21% of Apple’s profits.
And now that deal is in jeopardy.
Our story on their unlikely union
Negotiated in secret and rarely discussed, Google’s deal with Apple is one of the most lucrative alliances in history and now it’s the target of antitrust scrutiny from the US government. Story w @jacknicas
This is at the center of the Antitrust lawsuit against Google, and @daiwaka@jack explain it so well
Apple, Google and a Deal That Controls the Internet
"Apple’s leaders have made the same calculation about Google as much of the general public: The utility of its search engine is worth the cost of its invasive practices."
“Apple now receives an estimated $8 billion to $12 billion in annual payments — up from $1 billion a year in 2014 — in exchange for building Google’s search engine into its products. ” buff.ly/3dW72RXpic.twitter.com/uv5tk0eony