MICHAEL HEATH, PHOTOGRAPHY LIFE:
"If you haven’t noticed, camera sales are down. I mean, they’re way down. Unsurprisingly, everyone’s scrambling to find a reason why. There’s a video floating around from Mayflower Concepts that, at the very least, explains what is not the cause for the camera sales drop. If you don’t have 50 minutes to watch it for yourself, here’s the 'TL;DR' version: It’s not due to the rise of phones with cameras – at least, not in the way you think. It’s not because the economy is in the tank, as most camera manufacturers claim on their financial reports. There’s simply no strong correlation between any of the global financial crises, or the simple existence of cameras on phones, to have any reason to believe either is the cause for a huge drop in sales."
Read more, here.