A report from the New York Times seems to confirm previous rumors that Facebook is very serious about creating a Facebook-branded phone. The report also reveals additional details. Apparently, Facebook hired over half a dozen different software and hardware engineers from Apple to help them build this phone. The report suggests that Facebook will likely use a base core of Android, but will heavily modify it (similar to what Amazon did with the Kindle Fire), and will focus the phone around a Facebook theme. Facebook even recently opened up their own Android App store called App Center.
Previously we reported on rumors that Facebook may partner up with HTC in order to get the hardware launched. The source of this article suggests that Facebook intends to launch the phone before or around the beginning of next year. Investors have been wondering how Facebook will further monetize their service to generate revenue and profit. This could be a smart option for the social media giant.