What Happened To the Photography Industry In 2014?

Iddo Genuth writes 2013 was the worst year for the photography industry in decades — but what happened in 2014 and will the upcoming blitz of cameras (including the super resolution Canon 5D S with 50MP sensor to be announced tomorrow) change everything in 2015? The official numbers published by CIPA (the Camera & Imaging Products Association) are out and they tell a story of a struggling photography industry trying to stay afloat in a sea of smartphones. Will it survive? This is the big question all of the photography manufacturers are facing over the past two years, and eventually what does it all mean for us as consumers? One thing that tiny phones lack, no matter their megapixel count, is the space for heavy glass or large sensors, which seems to leave a lot of room in the market even for small(ish) but dedicated cameras.