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Are smartphones destroying the camera market?

In 2010, companies organized in the Camera & Imaging Products Association (CIPA) (including Olympus, Casio, and Canon) sold 121 million cameras worldwide. This marked the end of a development that had, until then, moved almost exclusively in one direction. However, the end of this decades-long upward trend was already sealed by this point. In 2007, Apple had launched the first iPhone. While the two-megapixel digital camera it contained delivered only modest photo quality, the concept caught on, and cameras continued to improve. Today's smartphone cameras offer performance that simply makes purchasing an additional compact camera unnecessary. At least, that's how consumers see it: in 2017, CIPA companies sold only 25 million digital cameras.

You can find more infographics at Statista.

More and more photos thanks to smartphones

According to a forecast published by Bitkom , humanity will take 1.2 trillion photos this year. The number of snapshots has risen sharply in recent years. This development is due to the increasing prevalence of smartphones, which are expected to account for 85 percent of all photos. In contrast, conventional digital cameras only have a market share of 10.3 percent.

You can find more infographics at Statista.

 

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