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Following a settlement with Google, Yandex expects 'market share gains on mobile (devices) in 2017 and beyond,' CEO Arkady Volozh said.
Though Google's agreement with Russia allows rival services to be pre-installed on Android phones, it looks as if Google's own services will remain pre-installed as well.
Google parent Alphabet has the strongest and most diversified long-term growth prospects.
Shares of this Russian-based search engine jumped last year, and as the company achieves greater market penetration and executes on its initiatives, the gains should continue.