A.M. Sacconaghi Jr.

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Last quote by A.M. Sacconaghi Jr.

Court documents indicate that Google paid Apple $1B in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3B. 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.feedback
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Aug 14 2017 IPhone
A.M. Sacconaghi Jr. has most recently been quoted in an article called Google is paying Apple billions per year to remain on the iPhone, Bernstein says. A.M. Sacconaghi Jr. said, “Court documents indicate that Google paid Apple $1B in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3B. 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.”.
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