Alphabet Closing In On Apple's Dominant Market Share

Google holding company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) closed 4.5 percent higher than Apple Inc. (NASDAQ: AAPL) on Thursday and is up 8 percent from its January 20-low.

Apple is down about 6 percent over the last three trading sessions.

In dollar terms, Alphabet is closing in on Apple's long-held commanding market share, closing Thursday at $502.7 billion compared to Apple's $524.5 billion.

Those closing values represent a huge swing from last year's market values of $361 billion for Google and $643 billion for Apple, the Associated Press reported on Friday.

GOOGL was recently trading up about 1.4 percent at $758.80, while Apple was up about 1.7 percent at $95.73. As of 11:00 a.m. ET, Alphabet's market cap was about $15 billion behind Apple.