Point-and-shoot cameras are getting elbowed out of the market by smartphones, Reuters reports. Canon, Sony and Nikon should be overjoyed.
History has never known a generation of such wannabe shutterbugs as this one. For the first 11 months of the year, retail sales of "entry-level cameras" fell 17 percent to 12 million units while makers of smartphones sold 95 million devices.
This is a great opportunity for the camera companies. So what if the public is rejecting point-and-shoots? Those were the near beers of the industry anyway. What is sure to happen now is that some of these … Read more