Google may be paying Apple $1 billion a year to be the default search engine in iOS

Google (GOOG) could be paying Apple (AAPL) as much as $1 billion a year for the right to the be default search engine on iPhones, iPads and the iPod touch. Scott Devitt of Morgan Stanley praised Google in a recent note to investors, Business Insider reported. The analyst said, “the next Google is Google,” noting …