How has the demand for the smart phones affected the demand and supply of digital cameras? Are digital cameras likely to face the same fate as the desktops for laptops?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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  1. How has the demand for the smart phones affected the demand and supply of digital cameras? Are digital cameras likely to face the same fate as the desktops for laptops?

Discuss in detail the how mega players like Sony and Samsung have cut their Digital camera production and supply to meet the rising demand of smart phones in the world market. (100-150 words)

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