Facebook is preparing facebook company to release its own smartphone this year or next year. This news is reported by the New York Times.

Citing anonymous sources, some of them Facebook employees, the newspaper claims the social networking giant has hired more than half a dozen former Apple engineers who worked on the iPhone and one who worked on the iPad to help develop the device.

I feel Facebook, struggling to make money out of its growing mobile audience and under fire over its share price plunge, is taking a third shot at building a smartphone of its own.

Can a software company build its own smartphone? OR Why on Earth Would Anyone Want a Facebook Phone? OR Should Facebook Make a Smartphone? I think these are questions in everyone’s head about Facebook Smartphone.

It would be Facebook’s third attempt at building a smartphone, according to one of the paper’s sources.

Facebook did not deny the reports and added: “Our mobile strategy is simple: we think every mobile device is better if it is deeply social.

“We’re working across the entire mobile industry; with operators, hardware manufacturers, OS providers, and application developers to bring powerful social experiences to more people around the world.”

I believe Facebook would launch its Facebook Smartphone in the end of 2012. Well, We may find out soon.

Till then, enjoy your smartphone :-)

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