Soaring smartphone demand rings alarm bells for Japan camera firms
The soaring popularity of smartphones is crushing demand for point-and-shoot cameras, threatening the once-vibrant sector as firms scramble to hit back with web-friendly features and boost quality, analysts say...
Just as digital cameras all but destroyed the market for photographic film, the rapid shift to picture-taking smartphones has torn into a camera sector dominated by Japanese firms including Canon, Olympus, Sony and Nikon.
Global shipments of digital cameras among Japanese firms tumbled about 42 per cent in September from a year ago to 7.58 million units, with compact offerings falling 48 per cent, according to the Association.
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