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Facebook to release smartphone next year

  • Social networking giant Facebook is set to launch its own smartphone by next year.

    A New York Times report cited unnamed sources, including Facebook employees, suggesting the network has hired numerous smartphone engineers, some of whom worked on the iPhone.

    Facebook recently admitted it was struggling to make money out of its growing mobile audience.

    The company, which recently floated on the stock market, has also just launched its own mobile app store.