Smartphone maker BlackBerry on Tuesday unveiled a lower-cost model aimed at consumers in emerging markets, stepping up its efforts to regain market share lost to Apple's iPhone and Android devices powered by Google's software.
CEO Thorsten Heins said the Q5 device will be available worldwide this summer.
It is BlackBerry's third smartphone to run the new BlackBerry 10 system. The Q5 will have a physical keyboard, something that sets RIM's devices apart from Apple's iPhone and most Android phones.
Heins said the “slim, sleek” device will be available in red, black, white and pink. He announced the phone to open the company's annual three-day conference in Orlando, Fla.
Windows 8 update will be free
Microsoft says a planned update to its Windows 8 operating system will be made available for free later this year.
The update is meant to address complaints and confusion that have been blamed for deepening a slump in personal computer sales.
Microsoft announced the update last week, but wouldn't say at the time whether consumers would have to pay for it. Codenamed Blue, the update now has an official moniker: Windows 8.1.
Household debt at lowest since 2006
U.S. households reduced debt during the first quarter by 1 percent to the lowest level since 2006, resuming a deleveraging trend in the wake of the financial crisis, according to the Federal Reserve Bank of New York.
Household debt fell to $11.2 trillion in the first quarter, compared with a peak burden of $12.7 trillion in the third quarter of 2008.
Consumers reduced debt by $110 billion after increasing their borrowing by $31 billion in the fourth quarter of 2012, while delinquency rates fell “across the board,” the Fed district bank said.
Cellphone carriers' ads battle texting while driving
The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's “It Can Wait” slogan to blanket TV and radio this summer.
AT&T, Verizon Wireless, Sprint and T-Mobile will be joined by 200 other organizations backing the multimillion-dollar ad campaign.