Palm was founded in 1992 as a smartphone manufacturer specializing in PDAs. In recent years, Palm's market has become very competitive. Palm launched its Pre smartphone in 2009, which was the first device to use its new WebOS operating system. However, Palm saw declining revenues and increasing losses from 2008 to 2009. While Palm succeeded in selling as many handsets as it could produce, analysts anticipated higher sales than Palm predicted for its future. In conclusion, the document suggests Palm should refocus on its core business and take lessons from successful companies like Apple and HTC to improve its position in the competitive smartphone market.