I finally got it

Started 1 month ago | Discussions thread
Marty4650
OP Marty4650 Forum Pro • Posts: 15,463
A very good point
3

tbcass wrote:

fferreres wrote:

I am not saying you will not use them, or that they will absolutely vanish. I think most will abandon them. I have seen in with friends and so many others, like the OP in this thread, I see more and more every day.

The vast majority of those people probably used cheap P&S cameras previously.

I think a lot of people forget that point. The overall decline in camera sales has occurred for more than one reason. The smartphone did totally replace the cheap P&S camera and can be rightfully blamed for their sales decline.

Back at the peak, P&S cameras outsold ILCs by a factor of something like four to one. The VAST majority of cameras sold were this type of camera, and it also accounted for a large majority of camera maker revenues. This is the customer that is permanently gone.

But the decline in sales for higher grade camera had nothing to do with competition from "more convenient smartphones."

The high end user doesn't crave convenience. They crave quality and performance. And this is true in every human pursuit. People always are willing to accept more size, weight cost, and inconvenience to have the best quality anything.

Midrange and high end camera sales are being hurt by two other factors:

  1. Product maturity - every camera made in past five year works pretty well
  2. Market saturation - anyone who ever wanted a digital camera already has one
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