The Storm "sold very well, " but wasn't a strong competitor to the iPhone, said Denny Strigl, at the time president of Verizon.

WSJ: BlackBerry Maker's Long Slide

"We were always very tight-lipped on any pricing changes we were going to make, " said Denny Strigl, the retired president of Verizon Wireless majority owner Verizon Communications Inc.

WSJ: Verizon Wireless Overhauls Wireless Plans