Facebook may launch smartphone next year

The news comes as search engine giant Google completed the acquisition of Motorola Mobility for 12.5 billion dollars earlier this week,a move that could help Facebook counter that with its own foray into the smartphone hardware business.

Rumors have been rife about a Facebook phone for the past few years. Although Facebook was reportedly first working on a smartphone in 2010,sources said the initiative stopped due to development complications.

Meanwhile,it has also emerged that Facebook and manufacturer HTC were working together to develop a mobile device under the code name “Buffy”,which is still under development.

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