Samsung not planning to replace Google with Bing in phones - WSJ
Reuters
Published May 19, 2023 20:58
Updated May 20, 2023 03:19
(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp (NASDAQ:MSFT)'s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Samsung (KS:005930) has suspended an internal review that explored replacing Google with Bing on its web-browsing app, which comes pre-installed on the company's smartphones, according to the report.
Google and Samsung did not respond to Reuters requests for comment. Microsoft declined to comment.
A sizable part of the revenue earned by search-engine companies comes from their long-term partnerships with phone makers such as Apple Inc (NASDAQ:AAPL) and Xiaomi.
Google earns an estimated $3 billion in annual revenue from the Samsung contract, according to an April 16 report by the New York Times.
Samsung considering a potential shift to Bing was first reported last month and had weighed on Alphabet (NASDAQ:GOOGL)'s shares at the time.
The integration of OpenAI's artificial intelligence technology into Microsoft-owned Bing has driven people to the little-used search engine and helped it compete better with market leader Google in page visits growth, according to data from analytics firm Similarweb (NYSE:SMWB).
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.