Apple (NASDAQ:AAPL) experienced huge losses today, largely based on investor fears that a small decrease in sales and margins for Apple may be the turning point for the company. Does this leave a vacuum for some of the smaller smartphone players like Nokia (NYSE:NOK) to step into? In this video, Motley Fool tech and telecom analyst Eric Bleeker tells us how Nokia's nascent turnaround will affect Apple.

Austin Smith owns shares of Apple and Baidu. Eric Bleeker, CFA, owns shares of Baidu. The Motley Fool recommends Apple and Baidu. The Motley Fool owns shares of Apple, Baidu, and China Mobile. 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.