Google to pay Apple $3 Billion

The final and official iOS 11 is expected to be released in September.				Apple

The analyst firm believes Google's licensing fees for search make up a large part of Apple's services business. Currently, iPhone and iPad users can change the default search engine by clicking on Safari under the Settings option.

Securities firm Bernstein sent a note to clients today, stating that Google will end up paying approximately $3 billion to Apple this year to remain the default search engine on the Apple iPhone and Apple iPad.

The last known stat of the Google and Apple deal comes from legal proceedings in 2014. According to Apple, if its service business was considered a separate company, it would qualify for the Fortune 500.

Amid Merger Efforts In AIADMK, A Twist From Sidelined Dinakaran
Palaniswami recently announced that TTV Dhinakaran's appointment as the party's deputy general secretary was invalid. He also said the party has to get back the two leaves symbol and fight the Lok Sabha polls in 2019.

IBD'S TAKE: Google stock is up only 15% in 2015 after weakening this month and is nowhere near a technical buy point of 1,008.71 while another FANG stock,, remains on the IBD Leaderboard along with Alibaba Group Holdings, Arista Networks and Netflix. "Court documents indicate that Google paid Apple $1B in 2014", analyst A.M. Sacconaghi Jr. wrote in a memo to investors acquired by CNBC, "and we estimate that total Google payments to Apple in FY 17 may approach $3B". Additionally, the payment is described as "nearly all profit for Apple", with Google possibly accounting for 5% of Apple's total operating profit this year. Provided that estimate is somewhat accurate, Google may be directly responsible for a quarter of Apple's recent operating profit growth and five percentage points of its total operating profit in 2017.

"Given the size and favorable demographics of its installed base, one would think that Apple could have opportunities to generate licensing revenues from other advertising or commerce intensive apps, particularly if Apple offered to make them default applications within iOS", added Sacconaghi.



Latest news

Invesco Municipal Opportunity Trust
The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes. Oxbow Advisors LLC increased its position in BlackRock LT Municipal Advantage Trust by 5.5% in the first quarter.

VirTra Inc (VTSI) Shares Tick Up 7.00%
Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. In general, the tenkan sen/kijun sen strategy can be classified into three (3) major classifications: strong, neutral and weak.

Kannada actor Guru Jaggesh stabbed
Navarasa Nayaka Jaggesh's first son, Guru a.k.a Gururaj Jaggesh, was stabbed by miscreants on Saturday morning, August 12. The actor went to drop his children school during which he noticed a biker speeding on the road.

Dollar edges higher but outlook wary
The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June. Some of the top performing gold stocks also rose on the back of the heightened USA and North Korean tensions.

Delhi to form panel to check deaths while cleaning sewers
The DCP further said that Yusuf and Mahipal are undergoing treatment and will be kept under observation for the time being. Police said though they were rushed to a hospital, Jahangir was declared brought dead and Ijaz also died later.

Department of Housing take huge step to tackle housing crisis in Ireland
Minister Murphy told Newstalk Breakfast a derelict property during a housing crisis is unacceptable. "We have a crisis when it comes to homeless and housing".

Malzahn names Jarrett Stidham Auburn's starting quarterback
Stidham spent last fall as a student at McLennan Community College in Texas to preserve his eligibility. Following the firing of coach Art Briles, Stidham announced that he was leaving the program.

Mike Pence assails media for criticizing Trump over Charlottesville
Pence said Trump sent him to Latin America to marshal and consolidate regional support for the need to help the Venezuelan people. The coalition rejected "the use of force or threats of applying the same in Venezuela on the part of any country".

Nemanja Matic "very happy" after opening-game win against West Ham United
They have helped me, and I am happy if I give them something back, and that I helped us to win. The performance and the levels of confidence is what means a lot to me".

Taxi! Philippine government suspends Uber for one month
The Land Transportation Franchising and Regulatory Board on Monday suspended the accreditation and operations of Uber System Inc. The advisory itself did not state what the specific violations of Uber were.

Arsenal boss Wenger on matchwinner Giroud
It was a game that Arsenal ought to have won, having dominated proceedings all through the 90 minutes and the added time. Luckily, though, he's been in the Premier League just long enough to learn the B-word and it's all fine.

Mike Tirico takes over Notre Dame play-by-play, NBC announces
NBC announces Mike Tirico and Doug Flutie as play-by-play and color for Notre Dame football games . He was also the host of NBC's Football Night in America last season.

US Houston vigil held for solidarity with Charlottesville victims
Many are concerned by what seems like rising levels of hate. "Our very definition of nation is that we are equal", he said. Authorities in Virginia have arrested the man accused of intentionally driving his auto into the crowd.

Reliance Communication shares up 15%, as NCLT admits petition for Aircel merger
The NCLT also has admitted petition for 51 per cent stake sale in the company's tower arm's to Brookfield, sources said. Further, according to a CNBC-TV18 report, the deal will help the company reduce its debt by Rs 11,000 crore.

Police search for missing endangered girl from Trumbull County
Police are seeking the public's help in finding a girl, 15, who has been missing from her home in Hubbard since Sunday morning. It's believed she may be with 21-year-old Malik Williams in a 2012 white Infiniti QX56 SUV with OH registration FSE9009.

Other news