Pepsi may be working on its own smartphone

It’s common for companies to expand to new markets and diversify, but this may be the craziest diversification we’ve seen in a while. A sketchy report out of China suggests that Pepsi, of all the companies, is working on its own smartphone. It’s almost guaranteed that the company won’t actually make the smartphone, and will instead hire a separate company to develop and manufacture it with a Pepsi brand name, but it’s strange nonetheless, and we’re not even sure if this report is legitimate.