I guess - but really what's the definition of a "Smart Phone" ??
What can Android and IOS do any different then Blackberry?...
In my opinion, it's the ability to view web pages, use maps, GPS, and 3rd party applications - most of which is a nightmare on the BB. It's a lot more than just the phone and email.
RIM had the advantage of corporate enterprise integration and security at a time when the others didn't. But they've caught up in that regard while RIM has failed time and time again to catch up with the internet, multi-media, and touchscreen capabilities of the iPhone and Android.
Plus not only are business customers moving away from BB for employee satisfaction (as employees like the idea of something different) but it's to eliminate the risky and costly BES.
Add that together and the future of RIM is bleak, IMO. What's left: name brand recognition (or personal preference), a physical keyboard, and better battery life. The others may never attempt the physical keyboard but that's not going to matter, it won't be enough.
I was recently in another meeting where the attendees were complaining about how much they liked their BBs but they've all now been replaced with iPhones. Again it was a corporate decision (not the individual's) to eliminate BES.
On the consumer side, recall just a few years ago when the Best Bey or Cell Phone flyers would be half Blackberry's in the advertisements. Now you're lucky to find one.
And BYOD programs are becoming more and more popular and considered secure enough and reliable and on a couple recent BYOD inventories I saw, I think there was maybe 1 or 2 consumer Blackberry's out of a couple of hundred phones total.
So I don't see how they can ever rebound. They're stranglehold is still the enterprise and that's dwindling down every day. I don't see the stock ever rebounding (a high multiplier and low debt will only last so long considering the high opex or burn rate), I think we have the next Nortel on our hands. But what do I know.