Today, analyst Austin Smith looks at Nokia (NYSE:NOK)

For him, it's an easy choice with Nokia. While both companies are struggling mightily, Nokia seems to have more "extras" beyond its handset business to justify a value play. The company's mapping, location services, and patent portfolio are more likely to pay off well for Nokia than RIMM's increasingly less supported secure messaging service.

With that said, the cheapest company in this space may also be the biggest: Apple, with its iPhone 5 launch smashing records, may be far cheaper than it appears compared with past earnings. 

If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.