Businessweek writes that Canon has lowered its sales estimates across all its camera lines, saying that smartphones are drinking its milkshake — and it’s not just Canon:
Global camera sales are expected to fall 4.3 percent this year to 115.2 million units, according to market researcher IHS. Industrywide camera shipments fell 25 percent in August from a year earlier, according to the Camera & Imaging Products Association in Tokyo.
By comparison, global sales of smartphones [...] rose 32 percent to 146.1 million units in the second quarter, according to market researcher Strategy Analytics.
“We lowered our camera sales projection because of slower economic growth and an increasing use of smartphones that’s eroding demand,” [Canon] Chief Financial Officer Toshizo Tanaka told reporters in Tokyo today.
This year, compact cameras are projected to have the worst demand since 2009. Who would have thought that digital cameras would be struggling as digital photography booms?
Canon Reduces Forecasts as Smartphones Start Replacing Cameras [Businessweek]
Update: Canon has announced its latest quarterly results. Revenue is down 13% and profit is down 42%.
Image credit: Fotógrafo / Photographer by ajgelado
Over the last year or so, as camera phones and “phoneography” have taken off, many have feared and/or expected the death of the digital camera. In many ways this fear has come to fruition — point-and-shoot cameras are becoming a thing of the past — but for another segment of the market, the advent of the camera phone has benefitted companies and consumers alike. Read more…
Smartphones are taking huge bites out of the compact camera market. A recent study by market research company NPD found that the percent of photographs taken with a smartphone has increased from 17% to 27% over the past year, while the share of photos taken with a dedicated camera has dropped from 52% to 44%. Senior imaging analyst Liz Cutting says,
There is no doubt that the smartphone is becoming ‘good enough’ much of the time; but thanks to mobile phones, more pictures are being taken than ever before. Consumers who use their mobile phones to take pictures and video were more likely to do so instead of their camera when capturing spontaneous moments, but for important events, single purpose cameras or camcorders are still largely the device of choice.
The point-and-shoot camera market is taking the brunt of the damage: during the first 11 months of 2011, the market lost 17% in units sold and 18% in revenue.
(via NPD via Wired)
Image credit: Image by The NPD Group/Imaging Confluence Study 2011
Social Lights is a project by photographer Seymour Templar that’s like a nighttime version of Joe Holmes’ Texting series that we featured earlier this year. Templar documented social life in NYC by snapping portraits of people interacting with others through their cell phones. Each individual unwittingly helps out by lighting their own faces with their phone displays.