BlackBerry Unveils the Q5, a Mid-range Smartphone for Overseas Markets

Waterloo’s BlackBerry today unveiled the Q5, the Canadian company’s first mid-range smartphone powered by its next-gen BB10 platform.

At BlackBerry Live, the company’s annual conference, CEO Thorsten Heins showed off the device: its 3.1-inch screen and physical keyboard closely resemble the high-end Q10 device recently launched in the UK and North America.

“BlackBerry is excited to bring a new BlackBerry Qwerty smartphone, the BlackBerry Q5, to our customers in selected markets around world,” Heins said. “The Q5 gives you the best of everything with its cutting-edge BlackBerry 10 functionality and a physical keyboard. It is for youthful fans that are passionate, confident and bold, and it makes it easy for them to have fun, create, share and stay connected.”

The Q5 is slated to launch in select markets overseas in July, including Europe, Asia, and Latin America—markets where, in some cases, BlackBerry boasts a 60% share of the smartphone market.

“I think you’re really going to like it,” Heins told the crowd before him at Live. “It is a sleek, slim, high-performance device.”

The Q5, BlackBerry’s third BB10-powered device, will be available in black, white, and red. No word on when it will launch in Canada.

BlackBerry shares are down 2% in trading.