Nokia to Dominate Camcorder Market

Gizmodo have published some interesting, and bold statements from the head of Nokia, regarding their dominance of the current digital camera market, and their future dominance of the camcorder and mp3 market! The Nokia N90 pictured above, features a 2 megapixel sensor and a Carl Zeiss lens. What are your views on the following quote?

"He expressed the belief that the ubiquity of multimedia cellphones would soon sound a death knell for music device and camcorder manufacturers, much as they have helped herald the end of the photo industry as we know it. Nokia made 100 million cameraphones last year and have been the world’s largest manufacturer of cameras for a while now."