The Tech Bet

Google paid Apple $1B to stay on iPhones: Report

Apple & Google make a deal?

It's probably no coincidence that Google is the default search engine on iOS devices.

The Internet search giant shelled out $1 billion in 2014 to keep its dominant place as a search option on Apple's mobile products, according to a recent report by Bloomberg.

Apple did not immediately return CNBC's request for comment. Google declined to comment on the report.