Nokia To Kill Everything

Anssi Vanjoki, Nokia’s head of multimedia unit, has reportedly told the Financial Times that mobile phones will “deal a final blow” to the portable music player and video camera industries, similar to the prediction by Nokia in 2000 that the camera industry would disappear…”In the next 6-12 months, there will be more of these announcements. The next to disappear will be the makers of music devices and then the manufacturers of video cameras,” Vanjoki was quoted as saying. The main problem with this is that the digital camera industry is still going strong — in fact there are some reports that cameraphones are stimulating sales of higher-end cameras. There may be some players leaving the market but that always happens once a market matures. I think the music player and video camera industries are safe for a while yet, especially the high-end part of the market.
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