September 23, 2013 12:00 AM

Smartphone cameras at 41 megapixels pressure Nikon, Canon

Since Apple introduced the iPhone in 2007, Canon and Nikon stocks have lost more than half their value as demand has withered in an industry they have dominated for more than a decade. Nikon is the worst performer in the Nikkei 225 index this year, falling 34 percent.

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