It's common knowledge that Apple and Google have a monetary agreement that ensures Google's position as the default search engine on Apple's iOS devices, but the details of that deal have been kept under wraps, until now. A recent court transcript from Oracle's copyright lawsuit against Google was obtained by Bloomberg and sheds some light on the agreement, suggesting Google pays out a lot of money to keep its search bar on Apple's iPhones and iPads.
Apple receives a percentage of the revenue that Google earns from searches made on iOS devices, and in 2014, Apple's payout from Google totaled $1 billion. That information mirrors a similar rumor from 2012 that also suggested Google was paying Apple upwards of $1 billion.