The Compact Digital Camera Is Fading Fast -- WSJ

The Wall Street Journal is reporting:

As global shipments plummet—down 42% in the first five months of 2013, according to the Camera and Imaging Products Association, a Tokyo-based industry group—manufacturers are scrambling to adapt to a world where customers value the convenience of smartphones for quick shots they can share on social networks like Facebook and Instagram.

The changes are forcing some of the biggest camera makers, including Fujifilm Holdings Corp. and Panasonic Corp., to pare product lines and adapt offerings. Some are choosing to focus on more high-end cameras as interest in the classic compact, or "point-and-shoot," fades.

Canon Inc. last week lowered its full-year profit outlook by 10%, citing slumping camera sales. In a sign of the dramatic downturn in the market, Canon also cut its compact digital camera outlook for the second time in three months. 

I love the photo at the linked story.  I see this everywhere. The iPad as movie camera. David Lynch must be going nuts.

 I assume SanDisk memory cards and sticks could be history, also. Wow, how things change so quickly. What Steve Jobs wrought.