A few weeks ago, Yahoo! Inc. (NASDAQ:YHOO) and Mozilla signed a deal after which Yahoo! Inc. (NASDAQ:YHOO) search engine is the default search mode for web for all the FireFox users. Google Inc (NASDAQ:GOOGL) still owns 75% of the global search market shares and undoubtedly the search engine giant, but still, panic in the company is rising and the reasons can be located easily.
Google Inc (NASDAQ:GOOGL) is yet to come up with something as disruptive and revenue generating as Apple has under its belt. Although Yahoo! Inc. (NASDAQ:YHOO)’s deal with FireFox did nothing to Google in terms of search market share, still the company is showing signs of panic. An article on BGR said that if Apple signs a deal with any other search engine giant, Google Inc (NASDAQ:GOOGL) will be in big trouble. This is where the subtle science of ecosystem comes in. Google Inc (NASDAQ:GOOGL) is forced to depend on other companies for embedding its services and software in mobile and other devices.
The source said that after the Yahoo! Inc. (NASDAQ:YHOO) deal, Google Inc (NASDAQ:GOOGL) started to give a big recommendation box to all the FireFox users telling them how easy it is to shift to Google Inc (NASDAQ:GOOGL) search engine default option instead of Yahoo! Inc. (NASDAQ:YHOO) search engine.
Apple could easily kill a big market share of Google Inc (NASDAQ:GOOGL) by removing its default search engine option of Google and replacing it with any other browser.
Google Inc (NASDAQ:GOOGL) may have felt the threat after the deal of Yahoo! Inc. (NASDAQ:YHOO) and FireFox and this is the reason why company is speeding up its efforts to increase the span of its search engine across multiple devices.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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