HTC saw large increases in revenue and net income in 2011 but had a slight drop in Q4. The company has grown significantly since being founded in 1997 and was an early innovator in smartphones, releasing some of the first Microsoft-powered, 3G, Android, and 4G phones. While HTC faced challenges like a patent war with Apple in 2011, it was recognized as the top device manufacturer and had the largest US market share for smartphones.