Nikon is looking for ways to generate revenue lost in a declining point-and-shoot camera market.
Nikon's Mystery Device Could Be a Smartphone : Read more
Nikon's Mystery Device Could Be a Smartphone : Read more
"Customers no longer need to carry a bulky camera around their neck"
The bulky cameras are most of the time dSLR cameras and in no way can a, "smartphone packing high-resolution" replace it. It can however replace most point and shoot cameras.