Sure, Samsung and then Apple (NASDAQ:AAPL) topped the list of the best-selling smartphone makers in 2012, but that may not last forever. While the media likes to focus on how these companies will retain their top spots, investors should instead focus their energies on one laggard:  Nokia (NYSE:NOK). While the company seems "out," the Finnish maker could be well-positioned to profit well into the future.

Yes, its Lumia smartphone line continues to deliver lackluster returns, but Nokia has seen success in some areas of the smartphone market. Driving the company's smartphones sales are its low- to mid-priced smartphones like the Asha. Moreover, the company continues to build out its competitive advantage in the the low end of the overall phone market, launching a much-praised simple voice-and-text phone, the Nokia 105.

In the video below, Fool contributor Kevin Chen explains why these strengths bode well for Nokia in developing markets. To learn more about this overlooked company, watch on the video now.