Blackberry was at its most valuable 2 years after the iPhone came out and a year before Android was released.
Maybe it’s them being behind on GenAI. Of course all of the OpenAI competition is trained on commodity cloud services that are basically lift and ship to any cloud with GPU capacity - so Amazon is at worst in the middle of the pack.
It was so bad that not even Google’s CEO at the time used it and he still used his BlackBerry.
For comparison, Steve Jobs felt the same way about Macs before OS X, the first two years he was back at Apple he used a PC running Next