The writer seems to think that Apple is innovative and lack of money stifles innovation. I disagree with both points.
I also disagree that camera companies are doomed. Who would have thought that film would still be in use in 2016?
I'm sure the new phone's camera will be the best that Apple had put out there. But would you expect anything less? While phones are convenient, I also agree they are not enjoyable to use as a camera.
Yes, camera companies are doomed in the context of creating the imaging devices the mass consumer market wants to buy and therefore generating the revenue required to maintain their current sizes (consider some of these companies employ 10s of thousands worldwide). As already mentioned by a couple others, if they will survive in photography, it will be as much smaller, increasingly niche players serving extremely narrow, specific markets. Like Leica. But they will be a fraction of their former selves, in size and power in the market. With lower revenue, they will have fewer resources to dedicate to innovation. Not that it will be impossible, rather, they will probably be focused on continuing to refine what they currently know how to do best (treading water), rather than looking farther forward in other, riskier directions. As a result, their situation/existence will be much more precarious. A couple market mis-steps and things could quickly go south. Canon recently announced they will for the first time ever sell their CMOS sensors to third parties. Until now those were only used in their own products. An example of them realizing they need to branch out in order to sustain their existing manufacturing capabilities.
None of the major camera brands still in existence make film models, at least in respect to comprising anything other than an extremely minuscule percentage of their overall sales. Yes, film is still around, but none of those companies, including niche player Leica, could survive (in current form) on film alone. I wonder, how many shoot film with cameras they bought new in the past year or so (other than single-use cameras)? Likewise, 'advanced' DSLR/mirrorless/ILCs will stick around, too, in some form, but manufacturers will be fighting against their own products' lifespan and existence in the used market.
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This year I shot a lot of weddings where most in attendance carry and use a smartphone. Some observations from these:
1) Most people are absolutely unaware of quality of light. This is probably the primary hurdle preventing them from improving the aesthetic of their images.
2) Some people are aware of the 'bokeh' look of subject isolation with fast lenses and how it has until now been impossible to achieve in a phone camera... Many wedding clients have stated it's an aspect they like when viewing 'professional photographer' portfolios.
3) There is very little comprehension of the benefits of off-camera lighting.
In recent smartphone imaging developments, software improvements such as HDR have helped improve results in situation #1, as far as it can likely go without better user comprehension about quality of light.
The new Apple phone (and the inevitable models from competitors) will address #2, to a sufficient extent for most.
#3, as hinted by Mike, will probably be the biggest hurdle, at least for someone like me who relies on off-camera supplemental lighting (flash) in many client applications... but it's a niche, though I could see the smartphone platform allowing for some innovative solutions.
I suppose all of this is just another step towards computational photography, where if I've understood it correctly, hardware will become even less relevant. In other words, companies that rely on selling hardware are likely to become increasingly less relevant...