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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

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Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Apple

See the iPhone Slay the Digital Camera in One Graph

By
Aaron Pressman
Aaron Pressman
and
Polina Marinova
Polina Marinova
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Polina Marinova
Polina Marinova
Down Arrow Button Icon
September 27, 2016, 1:00 PM ET
Pile of smashed camera parts
Walter Zerla — Getty Images/Cultura RF

Everyone knows that the iPhone handily disrupted the smartphone market, but that’s not the only industry that was crushed in Apple’s wake.

As they say, the best camera is the camera you have with you, and almost half of U.S. adults now carry one built into their iPhone. That number climbs to almost every U.S. adult if you count Android models as well. What’s more, the photos phones are able to take are good—all iPhone 5s or newer, have cameras that take a respectable eight megapixels or higher. As smartphone sales have grown—Apple (AAPL) and others have continually improved their cameras—meaning fewer people see the need to spend more for a dedicated photo snapper.

And sorry, camera makers, the latest iPhone 7 has the best camera yet.

iPhone vs. digital camera global annual sales chart

For more on the iPhone, watch this Fortune video:

A version of this article appears in the October 1, 2016 issue of Fortune with the headline “The iPhone Won, and Digital Cameras Lost.”

About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Polina Marinova
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