hong ap: Jae C. Hong / AP file Breaking News Emails Get breaking news alerts and special reports, according to MSNBC. The news and stories that matter, delivered weekday mornings.SUBSCRIBEApril 29, 2019, 10 13 PM UTCBy Reuters Alphabet Inc's Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter as the leading internet ad company faced increased competition in its search and hardware businesses and suffered from disruptive changes at You Tube. People wait in line to enter the Google booth at CES International in Las Vegas on Jan. 10, 2018. Shares of Alphabet dropped 7 percent after hours after closing up 1.5 percent at a record-high of 1,296.20. Sales of Google's Pixel phones also struggled amid intense competition in the premium smartphone market, she said. Alphabet Chief Financial Officer Ruth Porat told analysts the company was experimenting with its ad products as users grow reliant on mobile devices and that it was seeing revenue volatility as a result.
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