According to Citigroup Inc, Amazon is working on a smartphone which is expected to be in the market by the last quarter of next year.
The phone is expected to be in the mid-range category. It is believed that the phone would use a processor from Texas Instruments and other chips from Qualcomm.
Amazon's Kindle is the best-selling e-book reader in the market. Its new tablet PC, Kidle Fire, priced at $199, is expected o take on Apple's iPad in the forthcoming festive season.
Apparently, Amazon is keen on pursuing its foray into mobile devices further and use the proposed phone for selling more digital content like e-books and music.
