“I would argue that the camera industry is healthier than it’s ever been… but the brands we all think of as ‘the camera companies’ aren’t participating,” Skafisk says.
Smartphone cameras have improved quite a bit in the past several years, and smartphone sales have also been skyrocketing. Correlation between growing smartphone usage and declining camera sales doesn’t imply causation, of course, but still, these sales comparisons are interesting to see.
P.S. Here are a couple of additional facts: the number of photos captured each year has also been growing exponentially since the beginning of photography — digital took over film’s volume over the past decade or two — and 92% of smartphone users worldwide say that the camera is the most used feature on their phones.