To say the smartphone boom has run its course would be more than an overstatement -- it'd be downright wrong. To be sure, the game-changing growth market keeps proving doubters wrong, and it did so again the second quarter of this year. Investors and analysts alike recently saw the smartphone market break new ground yet again, taking a greater share of the mobile device market than feature phones for the first time ever. However, that wasn't the only point worth noting -- not by a long shot. Several other key trends we've seen at work in this space also played out during the quarter in a big way. In this video, Fool contributor Andrew Tonner breaks down the report and highlights a few key areas investors need to watch.