Point and shoot cameras have been negatively impacted by the popularity of smartphone devices, and the industry is now scrambling to competed with the powerful handheld devices by adding web-friendly features and upgrading technologies.
But it isn’t only the sales of digital point and shoot cameras affected by the smartphone craze. Video consoles as well as portable music players are also taking a hit, as most of new devices like the iPhone or Samsung Android phones combine similar music applications and photo features allowing for an “all-in-one” selling point - a computer, a camera, a phone, and a music player built in a sleek frame.
The Japanese companies like Nikon, Sony, and Canon are all seeing a decline in sales for the compact phone market as most consumers turn to the convenience of camera-equipped smartphones. With image-quality for the new devices also improving, the camera sector is now facing an increasing challenge to find new ways for buyers to consider a point and shoot device.