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Google (GOOGL) has potentially $9.4 billion in gross revenue at risk if it’s unable to renew a contract with Apple for mobile Safari toolbar searches, says a Citigroup report, which says potential losses depend on how many Apple customers stick with Google’s search engine. Google stock had fallen 3.5% as of Wednesday’s close since the Information reported on Nov. 24 that Google’s default search agreement with Apple might be in peril. Google stock, Scalper1 News
Scalper1 News