Since Mark Zuckerberg launched Facebook in 2004, the social network has become one of the most important centerpieces in society, especially as it becomes increasingly digital and mobile. Yet, as reflected by Facebook‘s shares since its IPO, the true value of Facebook has not yet translated to revenue dollars. That may change, however, if Facebook decides to build its first-ever piece of hardware: A Facebook smartphone.

On Sunday, The New York Times reported that Facebook “hopes to release its own smartphone by next year,” citing several Facebook employees, recruited engineers, and those familiar with the company’s plans. They all spoke on the condition of anonymity to protect their employment and relationships with Facebook.

Giving more validation to the Facebook phone is the fact that Zuckerberg’s company has already hired more than six former software and hardware engineers from Apple — all but one had previously worked on the iPhone, with the one standout having worked on the iPad.

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