In this thesis, we introduce the concept of a strictly stable fixed point of a selfmap and investigate the relationship among various types of fixed point stability. We prove that all fixed point of a quasi-nonexpansive map is strictly stable and extend the concept of a strictly stable fixed point of a selfmap to an iteration scheme. We introduce the concept of convexly strictly stable fixed points of selfmaps and apply it to obtain virtual stability of some well-known iteration schemes in a convex subset of a Banach space.