Evercore: About the $18-$20 billion Google pays Apple
According to analyst Amit Daryanani, those $18-$20 billion include — or more precisely, are equal to — 36% of Google's revenue from Safari search traffic.
Philip Elmer-DeWitt has been covering Apple since 1983 — mostly for Time Magazine (28 years), later for Fortune (9 years), where he wrote a daily blog called Apple 2.0. [Read more.]