Wait a minute there! Pepsi has joined the business of making smartphones. Yes! You read that right!

The smartphone landscape is about to become considerably more sugary, ladies and gentlemen. PepsiCo confirmed to Reuters that it will launch a line of Pepsi smartphones and accessories in China. PepsiCo will utilize a licensing partner for the venture. The first smartphone is rumored to carry the epic name Pepsi P1. Specs-wise, the Pepsi P1 will reportedly feature a MediaTek MT6592