Digital camera sales tanking hard due to rising smartphone sales

Posted on Wednesday, Nov 21 2012 @ 13:58 CET by Thomas De Maesschalck
IndustryWeek reports booming sales of smartphones are crashing demand for point-and-shoot cameras. Last decade the rise of the digital camera obliterated the market for photographic film, and now phones with built-in cameras are having a heavy impact on digital camera sales.

Due to harsh economic conditions and growing rivalry from smartphones, sales of point-and-shoot digital cameras among Japanese firms collapsed 48 percent from September 2011 to September 2012, while sales of dSLR cameras fell by 7.4 percent in the same timeframe.
Firms are scrambling to keep improving picture quality, offer features such as water-proofing and expand their Internet features, like allowing users to share pictures through social media networks.

Camera makers say growth areas include emerging economies -- where many own neither a camera nor a smartphone -- along with replacement demand among compact-camera owners.

And the fall-off in demand has not been as stark for the pricier detachable lens cameras favored by avid photographers and growing ranks of camera-buff retirees, particularly in rapidly ageing Japan, they say.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments