The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer-goods editor/analyst Austin Smith discuss topics around the investing world.

In today's edition, Ilan and Austin discuss why carriers are the big losers from the smartphone revolution. They discuss whether there's any hope for carriers or whether handset makers will keep eating their lunch.

Austin Smith and Ilan Moscovitz have no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.