"We are pleased to work with Spreadtrum to deliver a high quality application experience to many of the consumers around the world who will be buying smartphones for the first time in 2013," said Vaughan Smith, vice president of Mobile Partnerships and Corporate Development at Facebook. "Working with Spreadtrum will extend Facebook's reach in emerging markets, leveraging the rapid shift from feature phones to smartphones that is now taking place globally."
Industry analyst Scott Bicheno of Strategy Analytics expects smartphone adoption in emerging markets to grow rapidly over the next two years, reaching 42% of all handsets sold annually by 2015.
"Facebook has a global appeal and is focused on delivering great experiences on mobile," said Dr. Leo Li, chairman and CEO of Spreadtrum Communications. "Our collaboration with Facebook enables us to provide handset makers with the best, most updated feature set from Facebook as part of our mobile platform."
remember this. CHS is the same idiot who said SPRD would hit $29 during Xmas 2012. CHS obviously doesn't read the news. There is a trend that people are reducing the amount of time they spent on Facebook. These are the adults talking, the very people who have buying power. Kids are continue to log in but they don't buy anything.