BlackBerry has launched the Qwerty keyboard-packing Q5 handset at the BlackBerry Live conference in Orlando, Florida. The new phone, which is aimed at emerging markets and those on a budget, has long been rumoured as the BlackBerry R10.

The Q5 name makes sense, as the Q10 is now the flagship Qwerty keyboard product from BlackBerry. Unfortunately, the Canadian company is yet to go into many hardware specifics but promises that the device will be on hand at BlackBerry Live to play with. Pocket-lint will be posting a hands-on the moment we get time with the device. The phone will be shipping in four colours: red, black, white and pink.

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What we do know is that it has a 3.1-inch screen, offers BlackBerry 10 features, such as Time Shift and Story Maker, and comes with BBM Video with Screen Share. BlackBerry Hub is on board, naturally, as is access to BlackBerry World and the multitudes of apps and other content.

More tech specifications will no doubt follow in due course. The BlackBerry Q5 will be available in selected markets in Europe, the Middle East, Africa, Asia (including the Asia Pacific region) and Latin America. It will start to roll out at the beginning of July.

In other news, BlackBerry CEO Thorstein Heins also announced that BlackBerry 10.1, the latest version of the operating system which is found on the Q10, will be coming to the Z10 globally by the end of the month. Expect the update to start being pushed out by carriers as early as the end of this week.