Google has also launched its own Nexus series while Amazon is already known for its Kindle tablet. The Street expects that Facebook will soon follow the trend with its own Facebook mobile. The company has always denied that it plans to control its own hardware or manufacture a smartphone. According to recent news, though, Facebook will launch a ‘Facebook mobile,’ which will be manufactured by the Taiwanese smartphone company HTC. The phone will carry the Android operating system and be moderately priced to attract the third world users of Facebook. More details are still pending but HTC has previously partnered with Facebook for its ‘Status’ series.
Facebook has the ability to become a global powerhouse in Internet advertisement. The company is already experimenting with some exciting new services and has the ability to compete with established market players. The stock is still trading below its IPO value and presents an excellent buying opportunity. Facebook is currently trading 25% below the mean sell side target price and it seems it can go even higher.
The article The Biggest Technology Growth Story originally appeared on Fool.com and is written by Mohsin Saeed.