Camera sales are continuing to falling off a cliff. The latest
data from the Camera & Imaging Products Association (CIPA) shows
them in a swoon befitting a Bollywood roadside Romeo. All four big
camera brands — Sony, Fuji, Canon, and Nikon — are reposting
rapid declines. And it is not just the point and shoot cameras
whose sales are collapsing. We also see sales of higher-end DSLR
cameras stall. And — wait for it — even mirrorless cameras,
which were supposed to be a panacea for all that ails the camera
business, are heading south.
Hard to overstate just how good camera phones are getting, and just how convenient it is for sharing to have them right there on your phone, immediately.