Update: According to a report out of Reuters this morning, the sugar water maker is indeed planning to launch a smartphone. At this time, however, the plans are only for China.

“Available in China only, this effort is similar to recent globally licensed Pepsi products which include apparel and accessories,” a spokeswoman told Reuters.

Never mind Android versus Apple, if the rumors are true, the next smartphone battle could be Pepsi v Coke. Mobipicker spotted what appears to be a verified Pepsi page on the Chinese social media site Weibo with a ‘Pepsi phone’ banner. expand full story