Google paid Apple $9.4 billion in 2018 to be the default search engine on the iPhone, according to a new Goldman Sachs estimate.This makes Google’s payment to Apple worth as much as 23% of Apple’s services business, which the company has highlighted as its growth engine as iPhone sales slow.Google could pay Apple as much as $12.2 billion next year, according to Goldman’s model.Still, Apple’s services business may see slowing growth in the near future if it does not release a new content bundle, the Goldman analysts argue.
Source: Apple makes billions from Google Search, says Goldman Sachs – Business Insider