Alphabet’s
shares were rising Friday after
Samsung Electronics,
the world’s biggest smartphone maker, decided to keep Alphabet’s Google as the default search engine on its devices, The Wall Street Journal reported.
Samsung (ticker: 005930-KR), the South Korean technology giant, shelved a review that could have seen Google replaced with
Microsoft’s
Bing as the search-engine app preloaded on Samsung mobile phones, the report said.
Alphabet (GOOGL) shares were up 1.1%, while Microsoft (MSFT) was down 0.2%. The Wall Street Journal said Google, Microsoft and Samsung declined to comment. Barron’s also approached the three companies for comment. Samsung declined to comment.
On Thursday, shares of iPhone maker
Apple
(AAPL) and Alphabet hit their highest closing level in more than 12 months, according to Dow Jones Market Data. Apple closed Thursday at $175.05, and Alphabet closed at $122.83.
Write to Rupert Steiner at [email protected]
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