Om Malik:

All four big camera brands — Sony, Fuji, Canon, and Nikon — are reposting rapid declines. And it is not just the point and shoot cameras whose sales are collapsing. We also see sales of higher-end DSLR cameras stall. And — wait for it — even mirrorless cameras, which were supposed to be a panacea for all that ails the camera business, are heading south.

Smartphone cameras are clearly destroying the compact camera market. Check the charts in the linked post. But sale of interchangeable lens cameras seems to have stabilized. As good as my iPhone camera is, there are still optical limits to a camera you can fit in your pocket.

The question is, do people care about the resolution, the sharpness of their photos when zooming in? After all, the photos will mostly be viewed on a small screen.

To me, this is similar to what’s happened to music. We are so used to listening to music on headphones we pull out of our pocket, the idea of building a wall of sound, or fitting a room with expensive, audiophile speakers seems a distant memory.

Personally, I am still a fan of telephoto lenses, and fast focusing gear. Think capturing a bird in flight, or a fast moving scene, like a soccer ball at the moment it crosses the goal line. I’d love to be able to shoot those sorts of scenes with my iPhone, but physics just gets in the way.