Apple gets 36% of Google search revenue from Safari, Alphabet witness says

Sharing is Caring!

www.cnbc.com/2023/11/14/apple-gets-36percent-of-google-search-revenue-from-safari-alphabet-witness.html

  • Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies’ search default agreement, an Alphabet witness said in open court Monday.
  • The 36% figure, which was not previously known to the public, is one of the clearest indications of how lucrative Google’s search deal has been for both Apple and the search engine company.
  • The incidental disclosure from Alphabet’s expert witness Kevin Murphy, a professor of economics at the University of Chicago, was not expected.
See also  Google releases Skynet Location Feature on ALL Android Phones... (video)

Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies’ search default agreement, an Alphabet

witness said in open court Monday amid a protracted antitrust battle between Google and the Department of Justice.

See also  Today's earnings include Intel ($INTC), Google ($GOOGL), Microsoft ($MSFT), Snap ($SNAP), Roku ($ROKU), and more.

The 36% figure, which was not previously known to the public, is one of the clearest indications of how lucrative Google’s search deal has been for both Apple and the search engine company. Both companies have fought to limit revealing the deals’ details, citing potentially anticompetitive effects.

Views: 67

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.