Grim picture for pocket cameras
By Gao Yuan | China Daily | Updated: 2013-08-23 07:48
First-half digital camera sales in China plunged by more than one-third, the sharpest fall-off ever, as people increasingly turned to smartphones equipped with high-definition cameras, analysts said.
Fewer than 4.4 million digital cameras were sold during the first six months, a slump of 35.08 percent year-on-year, according to industry watcher China Market Monitor Co Ltd.
Industry revenue fell more than 20 percent to 9.5 billion yuan ($1.6 billion), it added.
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