Way back in 2007 — in what now feels like ancient history — Steve Jobs gave what many consider his best product unveiling ever: the iPhone. The Apple Inc. (NASDAQ:AAPL) co-founder started off by assessing the current state of the smartphone market and displayed a handful of current smartphones of the day.
The biggest flaw that they all shared was in what he called the “bottom 40%,” referring to the lower 40% of their form factors being dedicated to hardware keyboards with fixed physical keys that couldn’t accommodate new software features that may be subsequently released.
It’s worth noting that of the four smartphone makers that Jobs highlighted, two are currently fighting for their lives while the other two are no longer stand-alone entities: Motorola was split up with Google Inc (NASDAQ:GOOG) snapping up the mobile side and Hewlett-Packard Company (NYSE:HPQ) will never live down its acquisition of Palm.
Three of them — along with virtually every other major smartphone manufacturer in the world — have abandoned prominent hardware keyboards in high-end devices. Almost no one offers flagship devices with a full QWERTY keyboard intended for portrait usage. To be fair, some companies like Nokia Corporation (ADR) (NYSE:NOK) and Samsung offer QWERTY keyboards, but only in models that are clearly targeted at the low end.
For all intents and purposes, Research In Motion Ltd (NASDAQ:BBRY) is the only one left standing in the high end of that niche. Can Research In Motion Ltd (NASDAQ:BBRY)’s new Q10 single-handedly prove Steve Jobs wrong?
BlackBerry’s final stronghold
That device is very much expected to price at the high end when it launches in the U.S.: $250 on contract. That’s a premium relative to the Apple Inc. (NASDAQ:AAPL) iPhone, flagship Androids, and Research In Motion Ltd (NASDAQ:BBRY)’s own Z10. That’s a bold bet on QWERTY. However, many of Research In Motion Ltd (NASDAQ:BBRY)’s most loyal fans are hardware keyboard enthusiasts and have been patiently waiting for the new generation.