The first video of the BlackBerry Storm 3, codenamed Monaco, has been released. This phone is expected to be released sometime later this year. It has Verizon branding so it looks like it will follow the Storm 2.

The Storm 3 will likely run BlackBerry OS 6.1, and have the following specs:

Dimensions: Sleek, thin profile - 11.5mm thick (120 x 62 x 11.5 mm)

Processor: Qualcomm 1.2GHz Processor

Radio:Dual band CDMA, EV-DO Rev A, RX Diversity ; Quad band EDGE / Single Band UMTS

Display: 3.7" - 800x480 resolution, 15:9 aspect ration, 253 DPI

Camera: 5 MP - Flash - Image Stabilization - HD Video Recording (720p)

Navigation: Capacitive touch + BlackBerry navigation keys + optical navigation module. One convenience key

Memory: 4GB storage + 768MB RAM + up to 32GB MicroSD

WiFi/GPS: Wi-Fi 802.11 b/g/n + GPS + Bluetooth 2.1 EDR + Mobile HotSpot

Connectivity: Micro USB - Bluetooth - NFC

Sensors: Magnetometer - Accelerometer - Proximity

Software: Enhanced BlackBerry SW v.6.1, BlackBerry Evolution 6, Open GL ES 2.0, APIs for magnetometer and augmented reality apps