"TikTok owner ByteDance is developing a smartphone and is making the move after acquiring patents and employees from device-maker Smartisan. We have seen several cases of software companies branching out into hardware devices (smartphones) to expand their apps, but so far, such companies have had little success. It is hard to make a conclusion right now, but if ByteDance brings smartphones to market, it is likely to face a gloomy future like Facebook or Amazon." – Sujeong Lim