Google paid Apple $1 billion to keep its search bar on the iPhone

Apple and Google have always been known as the brawling rivals when it comes to the smartphone world, trying to best each other when it comes to their products. Though this is still true today, the two companies may still hold a place for collaborations.

It has been recently revealed that Google paid $1 billion to Apple in 2014 in order to keep its search bar on the iPhone. The information was discovered through transcript of court proceedings from Oracle Corp.'s lawsuit against the search giant. The documents further disclosed that as part of the agreement, Apple has a right to a percentage of the revenue Google earns by putting its search bar on the handset.

Regarding how much revenues are split, Anne Hurst, a lawyer for Oracle, during the trial revealed that earnings from the search bar at one point in time were at 34 percent. However, it was not clarified whether this percentage of the split is the one paid to Apple, or the one earned by Google.

According to Bloomberg, Google said in a filing that such information was deemed to be "extremely confidential," and divulging such information to the public could affect both companies' ability to negotiate in the future.

Source: Bloomberg

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