re: How much of a hit, if any, has the camera industry taken?

People always have their phone because it's convenient. They have a fixed focal length wide angle lens and are excellent for taking selfies to post on Instagram. The image sensor size coupled with fewer megapixels limit the phone's ability to take high quality photos compared to a superzoom point and shoot camera, and a DSLR blows everything else away for picture quality.

If one does not need the best quality photos a smartphone does the job for a lot of people. If you shoot a lot of sports and candids, a camera with a zoom lens is the only way to go.

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Cell phone cameras are very limited.

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Until phones can get sharp pics of your kid doing their thing 100 feet away, dslr wins for the dads out there.
I can tell you how shitty my son's football game pics come out at night from the stands.
Or my daughter's dance routines and singing performances come our from the back of a packed dark theater.

Special Weather Statement
National Weather Service New Orleans LA

630 AM CST Fri Dec 29 2017

...A VERY COLD AIRMASS ON TRACK TO IMPACT THE AREA STARTING ON NEW
YEARS EVE AND CONTINUING THROUGH MUCH OF THE FIRST WEEK OF 2018...

A much colder airmass will move into southern Mississippi and
southeast Louisiana, beginning on New Years Eve, with a prolonged
period of much below normal temperatures expected to remain in
place through at least Friday of next week.

Overnight low temperatures will be especially cold with much of
the area with the possible exception of far lower Plaquemines
Parish seeing lows in the lower to middle 20s both Monday night
into Tuesday morning and Tuesday night into Wednesday morning. The
coldest weather will be over southwest Mississippi and the
adjacent parishes in southeast Louisiana, where lows may fall into
the middle and upper teens both nights. Low temperatures Wednesday
and Thursday nights will not be quite as cold, but most areas
will still be well below freezing. Daytime high temperatures will
be roughly 20 degrees below normal, and have trouble getting past
40 degrees New Years Day and Tuesday. Highs will only be slightly
warmer Wednesday and Thursday. Wind chill values in the teens are
likely New Years Day morning, and in the teens and 20s for much
of the week.

As the cold air arrives Sunday, precipitation will be departing
the area, but there could be a brief period of a wintry mix of
precipitation as the precipitation ends Sunday evening. If this
occurs, it would likely be to the north of Interstates 10 and 12.
No significant accumulation is expected.

Hard Freeze Watches and Warnings, and Wind Chill Advisories will
likely be required for much of the region late Sunday into next
week. We will continue to monitor this developing weather
situation, and provide updates as necessary.

Do cameras work in cold weather?

(no message)

As soon as the first phone had a camera in it the point and shoot portion tanked.

The DSLR portion is what it is, the people buying those didn't slow down. They just didn't pick up.

Worked in retail for 10+ years and the assortment of point and shoots shrunk from having around 30-40 in a normal size store to having like 6 with about half of that just being holiday items not normally stocked.

I was really into the disposable cameras when I was little. I have a box just full of disposable camera pictures.

I gave it away

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I am shopping for a mirrorless model right now. There will be a market for mid to high end cameras as used by hobbyist and pros for quite a while, there are 100s of things you cant do using just a phone for photography.

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Look at Fujifilms models. Their lenses are second to none and they don't make a bad one. I've got the XT-1