Tuesday, May 14, 2013

FOX News: BlackBerry CEO may announce lower-priced phone

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BlackBerry CEO may announce lower-priced phone
May 14th 2013, 11:44

Published May 14, 2013

Associated Press

  • The Blackberry Z10 smartphone

    The new touchscreen BlackBerry Z10 smartphone, which the company hopes will mark a turnaround in its battle against the iPhone and Google's Android.AP Photo/Mark Lennihan

TORONTO –  The CEO of BlackBerry-maker Research In Motion will deliver a keynote speech amid speculation that he'll introduce a lower-priced version of the BlackBerry at the company's annual three-day conference in Orlando, Fla.

CEO Thorsten Heins is set to speak Tuesday morning.  RIM unveiled new, versatile BlackBerrys earlier this year after delays allowed Apple and others to dominate the smartphone market.

The BlackBerry, pioneered in 1999, had been the dominant smartphone for on-the-go business people and consumers before the iPhone debuted in 2007 and showed that phones can handle much more than email and calls. RIM faced numerous delays modernizing its operating system. During that time, it had to cut more than 5,000 jobs and saw shareholder wealth decline by more than $70 billion.

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