📺 Stream EntrepreneurTV for Free 📺

Smartphones Have Officially Crushed Digital Cameras The drop off in camera sales in the last decade is precipitous.

By Eric Griffith

entrepreneur daily

This story originally appeared on PCMag

Artur Debat | Getty Images

There's always an industry group that has to track how well things are going in a certain area of tech. The offices at the Camera & Imaging Products Association (CIPA), which includes Olympus, Casio, Canon, Kodak, Sony and Nikon, probably weren't a fun place to be in that regard since, oh, 2008 or 2010, depending. That's when -- after the camera industry had seen nothing but growth since 1951 -- things took a downward turn. You can see it above in the chart from our partners at Statista.

After a little spike in 2010 up to an all-time high in camera sales of 121 million units, down things went again. Digital cameras (mixing both those with built in lenses and interchangeable lenses) have dropped 84 percent in shipments (from CIPA members) since 2010. At 19.4 million shipments last year, that's lowest number since 2001. While it mostly impacts portable compact cameras, high-end interchangeable lens camera shipments have shrunk as well.

It's all clearly because of the smartphone. Phone cameras were convenient on the first iPhones and Samsung Galaxies, even if they weren't much competition in the photography department against a nice compact shooter in your other pocket. You can't say that today. Smartphone images on the latest models like iPhone XS and Samsung Galaxy S10 are capable of astounding imagery.

To hammer it home, here's another chart above from Statista from 2017, using data from InfoTrends via Bitkom. In that year InfoTrends counted that 1.2 trillion pictures were taken, the most in human history up to that time. That is, apparently, a conservative estimate -- it could be as high as 14 trillion.

Eight-five percent of them were taken, naturally, with a smartphone.

Eric Griffith

Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Money & Finance

12 Books That Self-Made Millionaires Swear By

The bookshelves of millionaires can inspire you to build your wealth. Here are 12 must-reads they recommend.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Devices

Stay Focused and Accessible with These $40 Conduction Headphones

These headphones sit on top of your ears, so you can take calls while staying tuned into your surroundings.

Green Entrepreneur®

A Deer Invasion in Hawaii Has Turned Into an Environmental Crisis—And a Sustainable Business Opportunity

How Maui Nui Venison built a for-profit harvesting business that protects the land and helps the local community.

Devices

Keep the Office Cool This Summer with $10 Off a Klima Thermostat

The Klima Smart Thermostat can turn your existing mini split, heat pump, or AC into a smart unit.

Starting a Business

Clinton Sparks Podcast: Founder of Chuck E. Cheese, Atari Discusses Innovation and His Advice to Young People

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.