Sales of real cameras (not phones with cameras) have collapsed by 84% since 2010. Canon's CEO recently predicted the market will implode by up to 50% more in the next two years. Just comparing this year to last year (which was not a stellar year for cameras) is sobering; a drop of 34% so far.
I know what this means for camera companies and I suspect that you do to, but what do the numbers tell us about the practice of, and the business of, photography?
I'm currently waving goodbye to any camera, lens or lighting company that doesn't have deep pockets. Really deep pockets.
04/09: adding a few links to older posts that discuss this trend:
seems like we've been thinking about this for a while....