Both Apple and Nokia have different market positions. They satisfy different niches. Market penetration matters. Apple can't sell an iPhone to everyone. The dumbphone still has a huge market and Nokia still has more broad range growth potential than Apple.

Apple is like a 30 story skyscraper that covers one square city block. Nokia is like a one level house on 35 square city blocks.

Apple can only grow so much in the phone market until they need to move horizontally to a different city block.

Nokia is bigger and has more growth potential if they can turn every block into an incrementally priced dwelling.

You may not be an apple fanboy but I am called it at times; I have stocks and products etc and defend them with passion. Margins be damned, if Apple is not selling an iPhone to lesser-developed-countries then Nokia is still going to keep existing and scooping up that margin. $10 of profit on a phone in a Djibouti is still $10 of profit.