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updated: 5/14/2013 10:20 AM

BlackBerry CEO may announce lower-priced phone

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Associated Press

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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