Earlier quoted context omitted.
I do think times have changed though, DPReviews fortunes arguably have mirrored the fortunes of the ILC (interchangeable lens camera) market. The site (along with flickr.com...) was a daily visit for me 15 years ago at the height of the DSLR boom, but I honestly now can't remember the last time I checked. ILC/DSLR annual sales volume peaked in ~2010 I believe, and has rapidly declined ever since really, another victi…
I'm seeing a lot of people discussing sales numbers; here is one article showing the decline in terms of both lens and interchangeable lens cameras shipped: https://bythom.com/newsviews/real-camera-economics.html . Lenses appear to have declined by about 66% from 2012 to 2022. Cameras, by a little under 50%. This decline makes sense to me. I have a Fuji XT4 which I like a lot, but, also, starting around the iPhone 13…
ILC cameras also got really good.
I'm not at all doubting that smartphones are the primary cannibalization vector, but even for people who prefer to use cameras with significantly larger sensors than can be put into a smartphone I think the cameras themselves reached a point years ago where it became difficult even for ILC enthusiasts to justify upgrades on a regular basis because what people already owned was "Good Enough". I reached this point with the Sony A7R Mk3 and other people probably reached this point sooner.
For years it felt like Canon and Nikon were kind of aware this would happen with ILCs and were dragging their feet on camera body tech making incremental upgrades behind where the technology should have been if they were competing full speed, and then other vendors like Sony just came smashing in without being part of this implicit agreement and pushed camera body tech along extremely quickly for a few years (with Canon/Nikon having to follow along to some degree to keep up) and it didn't take many iterations of this pushing the technology to where it could be for ILC camera bodies to be something you feel no itch to upgrade from year to year because the shiny new thing is an extremely marginal upgrade.
So the cannibalization of the market probably had two fronts, the larger one from smartphones, and a smaller but still significant one from "Good Enough" (which is an issue smartphones are starting to run into as well).