Facebook is working with Taiwanese handset maker
HTC to build its own smartphone, Bloomberg reported, citing sources familiar with the matter.
The report said that the Facebook-HTC smartphone could be released around the middle of the next year.
Facebook is also developing a modified operating system for the HTC device, the report added.
Facebook Inc. said on Thursday that it suffered a net loss of $157 million in the April-June period, mainly due to stock compensation expenses following its IPO. That compares with earnings of $240 million, or 11 cents per share, in the second quarter a year ago.
Facebook's revenue grew 32 per cent to $1.18 billion from $895 million a year ago.
Adjusted earnings of $295 million, or 12 cents per share, matched Wall Street's expectations.
Facebook had warned investors before its IPO that Wall Street's expectations were too high. In a filing issued a week before its IPO, Facebook said its mobile users are growing at a faster pace than the number of ads on its mobile platform.
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