In regard to the original topic (of which even OP has wandered from), it's just hard to keep rehashing that smartphones are going to kill the camera industry. I'd just argue that we saw a boom in interest with the advent of digital photography, which is now past saturation point. If you want to take pictures, there's nothing stopping you. I bought my daughter a $25 camera off eBay--it's cheap and easy now. Taking a picture now costs virtually nothing after the initial investment. In the film-era, the everyday snapper had to buy film and pay for development. That means one had to be way more intentional, and you know, make trips to and from the store (I grew up in this era). Now you can do bursts of 100 for essentially the same cost as a shot of 1 while not even having to put your shoes on.
I'd just say the market is correcting itself again, and creating a clearer division between the casual shooter and the specialized one. Coincidentally, smartphones are also at saturation, too. You're seeing some companies bow out (LG) or sell out (HTC), but we'll still have phones. In all this talk, you still can't lose sight of ergonomics. No matter how good smartphones become, I can't imagine using one all the time if I were a professional. It'd be like building a house with a hand saw.