Digging deeper: The camera vs the smartphone

Where are the digital cameras? The short answer is that they are all in the smart phones. The camera industry is truly at the crossroads, with smartphones invading their territory in a big way in the last few years. Cameras – meaning, standalone cameras – have been pushed into a highly niche space from which there seems to be no easy escape, at the time being at least. And thereby hangs a tale. But first, a little background to the situation.