Even though smartphone upgrades or new purchases fade as innovation subsides, the growth of this segment is impressive nonetheless. 41% of U.S. mobile phone users don’t yet own a smartphone according to comScore, the numbers are still on the rise. And Asia expecting to pass Europe in terms of smartphone users, the market is certainly growing. The downside from this growth comes from an industry that has been struggling to get some innovation through. Smartphones are eating away at some digital cameras that were on the rise just a few years ago. If you’re interested to see just how much damage the smartphone companies caused in term of profits for camera makers like Olympus or Nikon, here is an nice infographic that puts things into perspective
Image source: Best Choice Reviews
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