Nikkei writes:
The penetration rate of digital cameras among households at the end of fiscal 2023 will fall below 50% for the first time in 19 years since the end of fiscal 2004. The demand for compact digital cameras has fallen as smartphone ownership has increased. Japan once had a strong presence in digital home appliances, but is now in a notable decline.
Not really a surprise. That’s why digital camera companies focused on the enthusiast amateur and pro market.
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