This is what everyone is saying, but the "vast majority" is what, 95% of a vast market? 97%? That still leaves a decent-sized market, which I would think could sustain a perfectly viable business.
Apparently I would think wrong, but what's the issue? Is it just not possible to manufacture a high-quality small phone for a mere 1% of the world market? Plenty of Android manufacturers are making decent phones for much smaller market segments than that...