A hand-held, portable electronic device is provided with a retainer port that defines an accessory retaining structure formed in an exterior periphery of a device housing for removably retaining a retainable wireless accessory in a cavity of the accessory retaining structure. In one embodiment of the present invention, the hand-held, portable electronic device includes a first transceiver adapted to communicate with the retainable wireless accessory over a short-range wireless communication link. The retainable wireless accessory may include a second transceiver adapted to communicate with the hand-held, portable electronic device using the short-range wireless communication link.