Apple was paid $1B for rights to feature Google search engine

It’s no accident that Google is top dog for search on iPhones and other Apple products. It cost the company $1 billion in 2014 according to possibly leaked documents.  

It’s being reported that as part of a five-year case against Google’s apparent use of Oracle’s Java technology, a court heard that “at one point in time the revenue share [between Apple and Google] was 34 percent,” according to a Bloomberg report.

Apple received $1 billion from its rival in 2014, according to a transcript of court proceedings from Oracle Corp.’s copyright lawsuit against Google. The search engine giant has an agreement with Apple that gives the iPhone maker a percentage of the revenue Google generates through the Apple device, an attorney for Oracle said at a Jan. 14 hearing in federal court.

Apple-Google1Oracle has been fighting Google since 2010 over claims that the search engine company used its Java software without paying for it to develop Android. The showdown has returned to U.S. District Judge William Alsup in San Francisco after a pit stop at the U.S. Supreme Court, where Google lost a bid to derail the case. The damages Oracle now seeks may exceed $1 billion since it expanded its claims to cover newer Android versions.

Apple has something to be embarrassed about, claiming that it is dedicated to protecting customer information and not profiting from it.

TechCrunch reported that “Another factoid thrown up by the case included a claim that Android has generated $31 billion in annual revenue to date, of which $22 billion is profit.”

*****

Reports of the death of IP licensing appear to be exaggerated.

 

Image source: valuewalk.com

About Bruce Berman

IP trend spotter, consultant and author.

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