The following video is part of our "Motley Fool Conversations" series, in which technology editor and analyst Andrew Tonner and consumer goods editor and analyst Austin Smith discuss topics across the investing world.

The rise of mobile communication played an integral part in the technological revolution of the late 1990s and early 2000s, a wave in which those invested early often did quite well. However, as mobile communication continues to evolve, the areas that appear the most profitable for investors has shifted. In this video, Andrew sits down to explain the shift at work, how you can see this shift clearly in the context of the most recent round of corporate earnings, and which areas appear most lucrative at present.

Andrew Tonner has no positions in the stocks mentioned above. Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Qualcomm. Motley Fool newsletter services recommend Apple and NVIDIA. 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.