The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world.

In today's edition, Austin talks about one thing that Eastman Kodak could have learned from Apple: being forward-looking, even if it means potentially cannibalizing your own products. Eastman Kodak, like many big tech companies, tried to rest on its laurels and past success instead of looking ahead to the future. Its last chance for success was in 2005, when it was on top of the digital-camera world, but instead it crumbled to where it is today: bankruptcy.

Had it been forward-looking, it could have been a potential component play in hot mobile devices, like the "3 Hidden Winners of the iPhone, iPad, and Android Revolution" that our analysts have uncovered. You can read all about then in their free report by clicking here.

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