Palm was founded in 1992 as a smartphone and PDA manufacturer. While its Palm Pre launched its new WebOS platform, the smartphone market is highly competitive and Palm's future is uncertain. Palm saw declining revenues, increasing losses, and lower than expected unit sales from 2008-2009. Analyst predictions for Palm's future sales are higher than Palm's own anticipated figures, suggesting a challenging outlook for the company. The document concludes Palm should refocus on its core business and take lessons from successful companies like Apple and HTC.