Apple and Google could be the biggest frenemies in tech. While they both compete like there’s no tomorrow, they also partner on some very specific deals. For instance, Google is paying a ton of money to remain the default search engine on iOS.
As CNBC first reported, according to a Bernstein analyst, Google could pay as much as $3 billion a year just to remain the default option in Safari.
Business Insider also obtained that Bernstein report and shared the thinking behind this number. Bernstein analyst Toni Sacconaghi starts from a previous court document from 2014 that stated that Google had to pay $1 billion every year to remain the default search engine on iOS back in 2014.
But mobile traffic as well as iPhone sales have been growing steadily since then. If you look at…