Inside Note
Apple's most profitable line has never had a number next to it. In its annual report Apple confirms it earns money from a licensing arrangement with Google, and confirms that arrangement is under legal challenge. It never says how much. It's allowed to. Companies report segments, not what's inside them. The most profitable thing Apple sells isn't a product — it's which search engine opens when you tap the bar at the top of your screen. #apple #google #finance #business #fyp
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