7/26/2012 4:19:16 PM
Facebook phone 'set for mid-2013 launch'
Rumours of the Facebook phone have resurfaced, with HTC reportedly building the device for a mid-2013 launch.
The social networking site's CEO Mark Zuckerberg is keen to get his hands on mobile advertising revenue for Facebook. While over 50% of Facebook's users access the site via a mobile, none of its $13.5bn in ad revenue comes from ads on handsets.
As previously reported, Facebook hired a team of ex-Apple staff to work on a modified operating system and improve its iPhone app, according to Bloomberg.
The report comes on the eve of Facebook announcing its second quarter figures, its first set of results since its rocky flotation on the US stock market. Shares in the social networking site are down by almost 25% since the May IPO.
Editor: Graeme Neill