[andiareso]

That's an incredible over-generalization. My wife and I use professional photographers to capture lots of moments with my family. I've never seen so many professional photographers available to hire than now. I probably know of at least 15-20 off the top of my head that I have used in the past or know of personally.

They are definitely willing to purchase dedicated high-end equipment. iPhone cameras are absolutely not on par or better than a professional dedicated camera. They are actually known to be the worst camera in terms of clarity and accuracy than any other smart phone camera. Just check out any camera review comparing it to other smartphone cameras. There are a lot of AI enhancement models that alter the image in ways that are unrealistic and strange.

I personally purchased a nice Canon mirrorless because I want more control over my picture. I want to be able to set the mood of an image and capture the features I want to be visible on my own. It's also nice to have a separate camera that doesn't bother me with unimportant notifications and baggage that a connected device offers.

As for no business, I don't think that having a business that caters to a smaller demographic means that there is no money in it. There are few reasons why companies like Nikon, Canon, and Sony don't diversify into other markets with other products... which they absolutely do.