Internet search, which has so far served as a dependable source of growth for online advertising, could possibly see its first-ever sequential decline in the first quarter of next year, according to a Wall Street analyst.
That in turn will be a likely drag on Google Inc.’s revenue, Citigroup analyst Mark Mahaney said in a note to clients Monday.
Mahaney said that he’s sensing “nervousness” about the first quarter of next year, which could mark “the first negative sequential growth quarter ever for search.” .