Instead, what's a lot more relevant from Smith's recent quotes is the fact that he believes the north London side are in 'no danger' of missing out on a top-four place.
Indeed, the former Arsenal striker believes the Gunners, along with Manchester United, will finish in the Champions League places this season, despite competition from Southampton, Liverpool and perhaps even West Ham United and Tottenham Hotspur.
“They will finish in the top four, no danger. I think them and Manchester United will be vying for those third and fourth place but I cannot see them getting to the level of Chelsea," the 52-year-old told talkSPORT.
"I think they are a better team going forward now, without question, but you look back to their defensive weaknesses and think of the Anderlecht game, the Swansea game, the Man United game and have they erased it from their game?
"We will have to see when they come up against better opposition in the months to come. I don't see them as a title-challenging team."
Arsenal travel to Stoke City on Saturday, the side Manchester United beat at Old Trafford on Tuesday, while Louis van Gaal's men visit Southampton on Monday night.