Smartphone Cameras at 41 Megapixels Pressure Canon, Nikon
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The global camera business, centered in Japan, is headed for a shakeout.
With industry revenue falling to the lowest level in a decade amid surging smartphone sales, Nikon Corp., the world’s No. 2 camera maker, has cut prices to lure consumers. Market leader Canon Inc. may follow suit to keep pace, according to UBS AG, putting pressure on smaller producers and possibly leading them to retreat from the business.