It’s absolutely no secret what is pushing the traditional camera business off the cliff – the smartphone. While sales of photo/video capturing smartphones continue to soar, the appeal of classic point-and-shoot digicams is evaporating.
Another analyst told us sales of aim-and-forget cameras are on a downhill ski-slope with no end in sight. How bad is it? At the peak just a few years ago, over 35 million cameras were sold. We were told the number for 2013 might be 14 million — or less.
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