Apple (NASDAQ:AAPL) is down significantly again today (off 3% as of this video) on news it had cut its previous order of iPhone 5 screens for this quarter in half. In this video, Motley Fool tech and telecom analyst Eric Bleeker tells us why the initial era of wild smartphone growth is over, and what the innovations are that are going to be the drivers of growth in this sector as we enter phase two of the mobile wars. He also tells us that the era of Tim Cook driving the company with Steve Jobs' ideas is coming to a close.

Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.