Japan mid-tier camera makers face shakeout as smartphones shatter mirrorless hopes

Panasonic Corp and Japan's other mid-tier camera makers have a battle on their hands to win over a smartphone "selfie" generation to mirrorless cameras that held such promise when they were launched around five years ago. Panasonic, like peers Fujifilm Holdings and Olympus Corp, has been losing money on its cameras since mobile phones that take high-quality photos ate into the compact camera business.

via Business News - Yahoo Finance http://finance.yahoo.com/news/japan-mid-tier-camera-makers-211223339.html