After initially making smartphones based mostly on Windows Mobile, HTC became a co-founding member of the Open Handset Alliance, a group of handset manufacturers and mobile network operators dedicated to the development of the Android mobile operating system. The HTC Dream, marketed by T-Mobile in many countries as the T-Mobile G1, was the first phone on the market to run Android.
Although initially successful as a smartphone vendor, competition from Apple Inc. and Samsung Electronics among others diluted its market share, reaching only 7.2% by April 2015, and the company has experienced consecutive net losses. In 2016, HTC began to diversify its business beyond smartphones, having partnered with Valve to produce a virtual reality platform known as HTC Vive. After having collaborated with the company on its Pixel smartphone, HTC sold roughly half of its design and research talent, as well as non-exclusive rights to smartphone-related IP, to Google in 2017 for US$1.1 billion.
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