Worldwide shipments of compact digital cameras fell 42% in the first five months of this year, compared with the year earlier, according to the Camera and Imaging Products Association, and manufacturers are scrambling to keep their products relevant in the era of smartphone cameras, Daisuke Wakabayashi writes. IDC estimates the compact digital camera may fall to 102 million units in 2013, compared with 144 million units three years ago. "It's the classic case of an industry that is unable to adapt to shifts in user demands," IDC's Christopher Chute said.

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