Google pays Apple nearly $20 bn a year to be on your iPhone, but this fantastic deal is in danger
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Amid the sensational US Department of Justice (DOJ) antitrust case against Google, where the legality of the company's deal with Apple is under contention, through which it has become the default search engine on iPhones, a new report has made a major revelation on just how much is being paid. The antitrust case intends to find whether anti-competition practices were used by Google to keep itself as the default search engine on iPhone 12, iPhone 13, iPhone 14, iPhone 15 and other models. Recently Microsoft CEO Satya Nadella testified in the case and called it a ‘problematic' behavior of tech companies to strike exclusive deals with platforms to keep competition away.Bernstein, a firm that advises investors on where to place their bets, has published a report where it has reiterat...