Well this is certainly big news. Samsung has certainly had lots of success on the Android front lately, with big releases, record sales, and a new flagship device that many say is the best smartphone in the world. But Samsung apparently is just getting started, as it has now been reported via The Korea Times that Samsung plans to roll out its own version of Facebook as early as Q1 of next year.

WOW. The social network naturally has its eyes set on Facebook, and will be accessible from multiple Samsung devices, including cameras, TVs, and Blu-ray players. What’s pretty ironic to me is Samsung’s internal name for the project: “Samsung Facebook”.

The social network will apparently be built on top of Amazon’s cloud computing platform, and should be available “in the first quarter of next year at the earliest”. Samsung apparently wants to extend its dominant media reach even further, and this would certainly be one way to do it.

While this is certainly big news, I don’t see this as a threat to Facebook, as Google+ and all of its wonderful features is still struggling in terms of swaying people away from Mark Zuckerberg and co. But one thing is certain: Samsung meant business with the Galaxy S3, and I can certainly imagine that they are putting a lot of manpower into making their social network appealing.

More details to come as we receive them.