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apple to make digital point and shoot cameras

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It'd be weird to see Apple entering a market they are subsequently squashing by producing P+S level results with their iPhones. Why have two devices when one does 95% of what you need. I could see them producing an upper level iPhone, where the iPhone 5 does normal stuff, and the slightly larger iPhone 5+ (or 5X if we want to take the Canon Rumors route) that allows you to operate it like a P+S as well.

And the iPhones already get rid of the concepts of exposure; there's no Av or Tv mode, you press a button and a picture happens. No modes, no settings, just a picture. I think they'd do very well at the low end of the market, pretty much destroy the <$200 P+S's, as they have with mp3 players.
 
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