Aside from having a hilarious name, the phablet phenomenon has been an interesting development in the rise of smart devices. One part phone, one part tablet, these devices occupy a gray area between the two form factors and have done so with extraordinary success. According to Reuters, it now appears Apple (NASDAQ:AAPL) is at least experimenting with this smart-device trend. Of course, this would have all kinds of implications for Apple, its competitors, and investors in this space. Fool contributor Andrew Tonner explains what's happening and how investors should interpret it in the video below.

Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter: @AndrewTonnerThe Motley Fool recommends Apple. The Motley Fool owns shares of Apple. 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.