As in one of my reply, I used to work in a Taiwan company that produce affordable "SD memory cards" camcorder, right from the VGA time to Full HD, priced anything between USD99-USD199. Then business went down because of what you said( that's what I think) that video features in smart phone get in par if not better…

If used to work in a Taiwan company who made a fortune making entry level video cameras( handycam) which is at the fraction of the price of Big Boys brand. Then it all goes down the drain when video features in smartphones kind of goes in par if not better.