Alphabet pays Apple 36% of Safari search revenue, Sundar Pichai confirms
Publishing timestamp: 2023-11-14 17:53:40
Summary
The article confirms that Google pays Apple 36% of Safari search revenue under their default search agreement, which is a key point in the Justice Department's antitrust claims against Google. This information was revealed in court by an expert witness testifying on Google's behalf. Sundar Pichai, the CEO of Alphabet, confirmed the accuracy of this detail while testifying in a separate lawsuit filed by Epic Games against Google. The article also mentions that Google competes fiercely with Apple and that Google's Traffic Acquisition Costs in 2022 amounted to nearly $49 billion. The exact dollar amount Google pays to Apple is disputed, with estimates ranging from over $10 billion to $18 billion. The article highlights the ongoing legal battles faced by Alphabet, including suits from the Justice Department and Epic Games.
Sentiment: NEUTRAL
Keywords: apple inc, breaking news: technology, sundar pichai, technology, entertainment, alphabet inc, advertising, social media, breaking news, internet, business news,