Apple Could Become Google's Biggest Cloud Customer
Apple (NASDAQ: AAPL) and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google compete against each other in mobile operating systems, smartphones, smart speakers, streaming media services, digital payments, and other growing markets. However, Apple is also one of Google's top customers.
Five years ago, Apple signed a deal with Google Cloud to host some of its iCloud services. The details weren't disclosed, but it was considered a loss for Amazon (NASDAQ: AMZN) Web Services (AWS) and Microsoft's (NASDAQ: MSFT) Azure, which previously hosted most of Apple's iCloud services.
Many people wondered if the deal would last. However, digital media newssite The Information recently claimed Apple would boost its spending on Google Cloud by 50% this year and become Google's largest enterprise cloud storage customer. Let's see what this expanded deal could mean for both tech giants.
Source Fool.com
