Curated By: Business Desk
Last Updated: November 17, 2023, 10:23 IST
Google’s complete income in 2022 was round $279.8 billion.
Sundar Pichai referred to as the Google enterprise transactions with its companions as apples and oranges. He mentioned that some offers with Samsung contain profession funds too.
In an ongoing trial between Epic Games and Google, CEO Sundar Pichai revealed that the corporate shells out a hefty quantity to Apple to change into the default browser on their telephones. He confirmed that the search large pays Apple a whopping 36 per cent lower of the advert income it earns from the iPhone customers’ Safari searches. If estimated this quantity will scale as much as billions of {dollars}. After being pressed by Epic’s lawyer to disclose the precise quantity Google pays Apply yearly, Sundar Pichai estimated it to be round Rs 100 crore.
This huge annual payout was unintentionally revealed by the Google skilled witness on November 13 in the course of the firm’s Washington DC antitrust trial. It was then confirmed by Sundar Pichai in the course of the ongoing trial. This is just not the case with different cell corporations. It is believed that Google isn’t fairly beneficiant with its different companions corresponding to Samsung. The firm allegedly pays lower than half the quantity which Apple will get. Sundar Pichai didn’t admit to this proposition however he wasn’t optimistic and mentioned that it was potential.
Sundar Pichai referred to as the Google enterprise transactions with its companions as apples and oranges. He mentioned that some offers with Samsung contain profession funds too. Later within the testimony, he maintained that they fiercely compete with their all-time rival Apply within the tech market. Last 12 months, the corporate shelled out nearly $49 billion to its companions like Apple and Samsung to stay the default choice for the various search engines of their telephones.
The search large, Google is dealing with authorized battles at a number of fronts. It contains two separate antitrust fits from the Department of Justice (DOJ) that are associated to the alleged anticompetitive practices. In the trial with Epic Games, the tech large is accused of illegally sustaining a monopoly over the app distribution by means of its Google Play retailer. At the start of the 12 months, DOJ focused the promoting enterprise of the corporate and filed a second lawsuit in opposition to them. It was the primary beneath the Biden administration. Google’s complete income in 2022 was round $279.8 billion, nearly all of which got here from promoting.