Just as predicted.......

I have posted for some time now that photography as we know it id dying. I didn't realize that it's passing would be coming so soon. We were all surprised of the speed that digital supplanted film and now this. Progress, that's what it's called and  it's inexorable march cannot be stopped.

Canon Sees Reduced Sales Because of Increased Smartphone Usage

It's easy to see that smartphones are taking over as entry-level cameras. They may  or may not take the same photos that a good point-and-shoot can, but the ability to share instantly with friends and use Instagram filters gives them a great deal more appeal to many consumers. Combine that with the need to only carry one item, and the results are obvious.

Canon says that this change is impacting their sales and has just lowered its forecast for the year, now expecting a drop in both compact and DSLR models. In total, they've cut 6.4 percent from their estimated income. That is not a small or insignificant figure.

Canon also says that social unrest in China has caused  problems in terms of sales, reducing income from China notably. Stay tuned.