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The New York Times writes that according to sources who have been briefed on Facebooks plans, the company is planning to launch its own Facebook smartphone to rival the iPhone as early as next year. The anonymous sources say that Facebook has recruited several former iPhone software and hardware engineers, as well as one engineer who has had previous experience working on the iPad. As The New York Times notes, if Facebook is indeed currently working on its own branded smartphone, this would represent the third time that it had attempted such a feat. Previously Facebook had reportedly ditched a plan to make its own smartphone back in 2010, when it realized that creating your own smartphone wasnt all that easy to do! For some reason, though, the company was also said to have started the whole process all over again in 2011, in partnership with HTC, and had even got so far as to give the project the awesome codename, Buffy! The Times says that this project is actually still ongoing, but will be expanded with the help of the newly recruited ex-Apple employees, some of whom will also be starting up other smartphone projects within Facebook. Facebook did not deny the story when questioned about it, according to The Times, although it didnt exactly confirm it either.
Source: Facebook Might Have a Smartphone in Its Future - NYTimes.com