In Short

The BlackBerry Z3 "Jakarta" is an entry-level device that was announced at Mobile World Congress is Barcelona. The touchscreen BlackBerry 10 device has lower specs than that of the BlackBerry Z10 and Z30 and is be geared toward those in emerging markets.

Rumors of the device first began when BlackBerry CEO John Chen gave word of the new Foxconn-built device during his first earnings call with the company. He didn't divulge many details, but said that a new device was on the way in the near future. 

The first BlackBerry device from Foxconn, the Z3 has a 5" screen, 8GB of internal memory, 1.5GB of RAM, a 1.2GHz dual-core processor and a 2650 mAh battery. It mostly resembles the BlackBerry Z10 however it has a different casing and the ports have been moved.The Z3 was officially unveiled on May 13, 2014 and available for purchase in Indonesia on May 15, 2014.