Smartphones and tablets are in almost every household. They are often replacing traditional desktops or, even more surprisingly, digital cameras. This trend will only continue to grow and cause problems in the market for companies like Olympus or Cannon unless they can produce products for the diverse marketplace. If you are interested to see how much damage the smartphone manufacturers caused in term of profits for some camera makers, here is a nice infographic that puts things into perspective globally.
Now, as for your own photography business. Have you thought about how the rise of smartphones is going to affect you? Have you begun looking into new market niches and diversified your income stream as a photographer? What are you doing to diversify your income stream and merge into the future superhighway? Leave a comment below and let us know...
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by Richard S - Dakota Visions Photography, LLC
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