Point, shoot, collapse: Why big camera companies are the next BlackBerry

Financial Post | Business

Sometime last year, a once unthinkable trend began to manifest itself among camera retailers worldwide.

[np_storybar title=”Future of music streaming sounds big on popularity, but not profits” link=”http://business.financialpost.com/2013/08/10/future-of-music-streaming-sounds-big-on-popularity-but-not-profits/”]The next generation of digital music distributors — Rdio, Songza, Pandora, Spotify and so on — are promising to put every song ever in a user’s pocket. But it might take years to see whether their services will be lucrative

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Sales of compact, point-and-shoot cameras had long since gone off a cliff, steeply falling opposite the astronomical rise of capable smartphone cameras. But now, a disaster scenario was truly beginning to show, as sales of single lens reflex cameras (SLRs) also began to exhibit a decline for the very first time.

These are the cameras of photo enthusiasts: people who cannot imagine compromising any aspect of their picture’s quality, care about have absolute control over exposure and might even get…

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