Quoting from LensVid:

"Cameras are for older people – you can’t see this in the numbers but we clearly see this all around us – aside from the professional segment – dedicated cameras do not interest the younger generation. The people who are still interested in photography are typically around the ages of 40-60 or more – the same people who maybe shot with analog cameras as youngsters and now have the time and money to invest in photography as a hobby – their children and grandchildren are far less interested in cameras and prefer to use their smartphones."

In other words, as we die off, so will the camera business.

The number of higher end cameras sold has dwindled because there were many people in the 1960s through the early 2000s who bought expensive adjustable cameras, in the hopes that their photography would improve. Most of those people now have the sense to use their flashy smart phones, rather than commit to an expensive hobby they won't pursue with vigor. The "I always have it with me" factor made the decision easy! Photography with "real" cameras becomes a focused activity, not an add-on to an ordinary occasion.

Quoting from LensVid:

"Cameras are for older people – you can’t see this in the numbers but we clearly see this all around us – aside from the professional segment – dedicated cameras do not interest the younger generation. The people who are still interested in photography are typically around the ages of 40-60 or more – the same people who maybe shot with analog cameras as youngsters and now have the time and money to invest in photography as a hobby – their children and grandchildren are far less interested in cameras and prefer to use their smartphones."

In other words, as we die off, so will the camera business.

My granddaughter who is just barely starting out in life and with two very small children has a DSLR a Nikon DX camera (I don't know which one). She has had a DSLR since her high school days it was. Canon DSLR. She also has a cellphone and an Apple MacBook Pro from which she PPs the RAW files from her Nikon DSLR on Light Room and Photo Shop CS5. She has a young friend who is also a photographer and hires herself out to do photoshoots such as weddings and other events people are willing to pay for. My granddaughter is very busy taking care of her young family and her husband who has special health needs and dosen't have time to spend on a forium like this one, but since her highschool days has associated with other young people with a like interest in taking high quality photographs. Secondly my grandson from my daughters family has had and uses a Canon DSLR and his new wife also has a rebel t3i and my grandson gave her a standalone version of Light Room 6. Both young women have and are taking photography courses in collage. The young people don't especally take pictures typically seen posted on this forium, but rather prefer taking photos of children theirs included, their friends, and family and post on face book and and text message pictures to friends and relatives and other forms of social media. I can honestly say I don't see it the way most have replied to this thread. There are many young people who are interested enough in photography to invest in taking the time to study it in school and invest in highquality photography equipment as well as having their cellphones so they stay connected with their contacts.
Quoting from LensVid:

"Cameras are for older people – you can’t see this in the numbers but we clearly see this all around us – aside from the professional segment – dedicated cameras do not interest the younger generation. The people who are still interested in photography are typically around the ages of 40-60 or more – the same people who maybe shot with analog cameras as youngsters and now have the time and money to invest in photography as a hobby – their children and grandchildren are far less interested in cameras and prefer to use their smartphones."

In other words, as we die off, so will the camera business."
So IMHO this guy is way off and is completely out of touch
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Jerry in NC

That is a very short sighted and flawed piece of analysis. Smartphones are cameras - among other things - but they replace complete segments of the market, instamatic and disposable film cameras, and then digital P&S cameras. Probably the way to look at this would be to look at interchangeable lens cameras over multiple decades, perhaps along with range finders etc. and bridge cameras. Essentially tools for 'serious' photographers, and they come in all age groups. The economics are certainly changing, but so are the camera companies, finding new markets and so on. Who do you think makes the sensors in many smartphones? It isn't Apple.