Nokia (NOK, quote), Research in Motion (RIMM, quote) and Sony (SNE, quote) have already been thrashed by Apple (AAPL, quote) this year. With the iPhone highly praised for its camera technology, will Canon (CAJ, quote) follow Kodak into oblivion?
The Wall Street Journal has some reasons why the iPhone might be the only camera shutterbugs need. It is already the most-used camera for Flickr uploads, and its array of apps and editing features “makes anyone with an Instagram account feel like Terry Richardson and Ansel Adams rolled into one.”
This is yet one more example of how Apple dominates the consumer electronic marketplace and is even eliminating traditional product categories.
While most consumer electronics are driven by cutthroat pricing, Apple has a 56% margin with the iPhone, close to a 30% margin with the iPad, and a 25.8% margin overall as a company.
Now that Apple is paying a dividend it is even more attractive, as mutual funds that require income from a holding can now buy the stock.
As it is, in terms of sheer market capitalization, Apple is encircling its rivals. AAPL shares are up 13.47% for the last month and 52.75% for 2012. CAJ edged up merely 5% in March and 8% year to date.
While CAJ may seem like a peripheral stock to many tech-focused emerging markets investors, it is still a huge global concern. The stock is the fourth-biggest holding by weight in Japan funds like EWJ (quote), only minimally behind Toyota (TM, quote), Honda (HMC, quote) and Mitsubishi Financial (MTJ, quote) in terms of heft in Tokyo.
While a company like that does not vanish overnight, it wasn’t too long ago that another camera pioneer, Eastman Kodak, was a member of the Dow 30 and a industrial behemoth known around the world.