Follow Bluetooth on Wikipedia,
The main Bluetooth device can communicate with a maximum of seven devices in a piconet (a special computer network using Bluetooth technology), although not all devices reach this maximum.
First you need to know Master/Slave in Bluetooth.
I think a good answer depends on your goal.
You are right when you know "can communicate with how many devices" depend on Hardware (Bluetooth Chip) . Bluetooth chip on Apple iPhone 4, 5 or Samsung Galaxy S3, S4 ... totally different with Basic Bluetooth Chip .
In my case:
I work with the firmware side related to BLE.
His peripheral device has used Basic Bluetooth Chip , because he did not have enough memory to store many features, like many functions, he likes the Bluetooth chip on Apple iPhone 4, 5 or Samsung Galaxy S3, S4 ....
Therefore, his peripheral device only paired with one device in one time .
Thanks,
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