In a note to investors on Monday, Bernstein analyst A.M. Sacconaghi Jr. said Google is paying Apple billions of dollars per year to remain the default search engine on iPhones and iPads. "The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google's licensing fees make up a large bulk of Apple's services business," reports CNBC. From the report: "Court documents indicate that Google paid Apple $1 billion in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3 billion," Bernstein analyst A.M. Sacconaghi Jr. said. "Given that Google payments are nearly all profit for Apple, Google alone may account for 5% of Apple's total operating profits this year, and may account for 25% of total company OP growth over the last two years."

An anonymous reader shares a report: Chris Lattner, a legend in the world of Apple software, has joined another rival of the iPhone maker: Alphabet's Google, where he will work on artificial intelligence. Lattner announced the news on Twitter on Monday, saying he will start next week. His arrival at Mountain View, California-based Google comes after a brief stint as head of the automated driving program at Tesla, which he left in June. Lattner made a name for himself during a decade-plus career at Apple, where he created the popular programming language Swift. Lattner said he is joining Google Brain, the search giant's research unit. There he will work on a different software language: TensorFlow, Google's system designed to simplify the programming steps for AI, according to a person with knowledge of the matter.