Alphabet shares dip on report Samsung phones may switch to Microsoft Bing search

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Alphabet shares dip on report Samsung phones may switch to Microsoft Bing search
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The move could cost Google billions in advertising revenue and reportedly shocked employees, given Samsung's longtime relationship with Google.

Google pays billions of dollars every year to phone manufacturers, including a reported $20 billion annually to Apple, to serve as the default search engine. In return, the search company reaps billions of dollars worth of advertising, which has long been a profit center for Google.

Samsung and Google's deal is up for renewal soon, the Times reported, and is worth an estimated $3 billion in revenue to Google. Samsung is a major Android manufacturer, and the news that Samsung would consider a switch reportedly surprised Google employees.Google has more than a 90% share of the search market,

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