The next industry to collapse – low-end digital cameras

How’s this for disruption – a 42% drop in the volume of point-and-shoot cameras shipped in the first five months of 2013.

Olympus expects their volume of low-end cameras to drop 50% this year compared to last.

Those cameras are being replaced by smartphones – people are using their phones instead of a separate camera.

I have seen lots of tourists holding up an iPad to take pictures of family while sightseeing.

Imagine that. Dedicated point-and-shoot cameras replaced by smartphones.

First Kodak files bankruptcy and merely a year later digital camera sales are collapsing (filing was in January 2012).

Fasten your seatbelts – the change accelerates.

Check out the Wall Street Journal – The Point-and-Shoot Camera Faces Its Existential Moment.

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