Financial terms of Apple-Google deal accidentally revealed

A witness during the US justice department’s monopoly trial against Google provided slightly more information than intended. The man accidentally revealed financial details about the Google-Apple deal.

Kevin Murphy, a professor at the University of Chicago, accidentally revealed key financial details about the Google-Apple deal. He did this in his role as a witness during the monopoly trial of the American justice system against the former.

Piece of the pie

Thanks to Professor Murphy, the world now knows that Apple receives 36 percent of the revenue Google generates through the Safari web browser. That money comes from advertisements that the company shows on its search engine.

According to Bloomberg, John Schmidtlein, Google’s top lawyer on the ground, was clearly troubled by the incident. It was therefore not the intention that this information would be shared. Something both parties in the deal agreed on. Google had stated that releasing that figure would unnecessarily undermine its position. Murphy was on the witness stand as an economics expert for, yes, Google.

The agreement has been in existence for more than twenty years. Google is clearly willing to pay to be the default search engine in Apple’s Safari browser and de facto in every iPhone, making this the biggest deal of its kind for the search giant.

read also

Google targets Apple’s iMessage

Highlights

It is not the first time the trial has produced striking testimony or significant detail. Details came to light about not only the billions, but also the less cool ideas that Google is using to be the default search engine somewhere.

There were also positive statements, at least for Google. In any case, the testimony of Mozilla CEO Mitchell Baker was a big boost. Even Microsoft CEO Satya Nadella stated under oath that Google Search is better than Bing. In any case, the last striking word in this process has not yet been said.