Alphabet's Pixel Making Small but Promising Inroads in the Smartphone Market

The best Silicon Valley firms remain world leaders in their field. Google's parent company Alphabet (GOOGL) is at the top of that list.

That's because of its continued ability to introduce innovative products and services that address demand or anticipate it. The company has become a staple of daily life. 

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

A new report shows Alphabet gaining ground on Apple in the smartphone market.

APPLE is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Strategy Analytics found that global smartphone shipments reached 375 million units in the third quarter of 2016. The Android operating system captured a record 88% global market share, squeezing Apple iOS and others.

Shares of Alphabet rose slightly in Monday trading. 

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