BlackBerry Set To Launch Two Phones This Year, 'Q20 and Z3 '

Blackberry is set to launch two new phones this year, John Chen, the CEO confirmed

The first, codenamed "Jakarta," but known as the BlackBerry Z3 will launch first in Indonesia in April before moving to other markets. It will retail for less than $200.

The second phone, the BlackBerry Q20 (which Chen dubbed "BlackBerry Classic" because of its keyboard) is designed for big business and government clients and will launch by the end of the year. It was also designed by Foxconn.

Here is his statement: 

"We are definitely here to compete and make up some lost ground," Chen said during a press conference here on Tuesday.