No. You're way too euro/us-centric. There's a huge market for low end phones in Africa, South America and large parts of Asia.
If the FFOS team would have managed to get, say, a Nigerian carrier on board and produce a viable smartphone at 40$ or so, that would have absolutely dominated the market there, especially in the early days of smartphones.
The needs of the poorer 4 billion of this planet are not met by 500+$ phones that break every six months and have a battery life of about 5 minutes.
