How the iPhone is killing the traditional camera

Om Malik writes in the New Yorker:
"Camera companies, like traditional phone manufacturers, dismissed the iPhone as a toy when it launched, in 2007. Nokia thought that the iPhone used inferior technology; the camera makers thought that it took lousy pictures. Neither thought that they had anything to worry about. Of course, neither anticipated the value of having a computer in your pocket, and what the camera folks, especially, didn’t anticipate was that, as the photographer Chase Jarvis puts it, the best camera is the one that’s with you. . . .
"There are now nearly a billion smartphones worldwide capturing selfies, birthday smiles, breakfast sandwiches, Tuscan villages, and cats. In the past, such photos were taken by a point-and-shoot camera. Even today, the interchangeable-lens cameras and high-end cameras have their fans, so demand for these monsters still exists. But for how long?"
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