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The Korea Times reports that Camera Phones will make up to 40% of the total Digital Camera Market by 2008.
'The LG Economic Research Institute (LGERI) on Wednesday made the prediction in its latest weekly, comparing competitiveness between the two digital gadgets.
``As camera phones are equipped with multi-megapixel resolution, they pose a genuine threat to digital cameras. This trend will continue for years ahead,'' LGERI researcher Cho Joon-il said.
Up until now, most experts have predicted camera phones would lag far behind digital cameras in resolution and capacity, but recent advances in handset technology has them adjust their views.
``A couple of years ago, we expected the resolution ceiling of camera phones would be set at 2 megapixels, but it didn't take long to prove our assumption was wrong,'' Cho said.' Found Via Reiter's Camera Phone Report.
Posted by Darren in our News category on July 21, 2004