this post was submitted on 11 Oct 2023
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This is the best summary I could come up with:
According to a Bernstein analyst, that’s how much Google is paying Apple to keep its top spot, representing roughly 15% of the iPhone maker’s annual operating profits.
Bernstein analysts are looking into Apple’s exposure to the Department of Justice’s antitrust lawsuit against Google, originally reported by The Register.
One of the major interest areas of the case is the payments it makes to Apple, classified under the Information Services Agreement (ISA).
“We believe there is a possibility that federal courts [will] rule against Google and force it to terminate its search deal with Apple,” says the Bernstein report.
Google’s Chief Executive Officer Sundar Pichai raised concerns over the bad optics of its Safari deal back in 2007.
“I don’t think it is a good user experience nor the optics is great for us to be the only provider in the browser,” said Pichai in emails to co-founders Larry Page and Sergey Brin that were revealed in the case.
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