Google will have to thank Apple and its iPhone and iPad for kicking in two-fifths of the total mobile profits of the internet search and advertising giant for 2012, an analyst is estimating.
According to Piper Jaffray analyst Gene Munster in a note to clients released yesterday, the Apple iPhone and iPad will generate about $1.6 billion of Google’s total mobile profit for 2012.
The analyst suggests that Google will make $4.5 billion in mobile revenue for the year. Apple will be paying 40 percent of the profits generated from that.
This is thanks to Google’s licensing agreements with Apple for the Cupertino, California-based maker of i-devices to use its Google Maps and Search apps.
Furthermore, if you look at the bigger picture, you can say that Apple will be paying 2 percent of the total sales for 2012, if the forecast from the Piper Jaffray analyst comes true.
However, Apple may not be paying this much money to a competitor soon as it is rumored that it is cooking up a replacement for Google Maps in iOS 6 with a new maps app with a 3D feature.
Image from laihiu on Flickr (CC)