GoPro Evolution: From 35mm Film To America's Fastest-Growing Camera Company
forbes.com
forbes.com
It's also worth mentioning they are the only company I know that gives away everything they sell to one lucky winner every single day!
As far as I know the GoPro is based on Ambarella’s platforms. Here are some specifications, a teardown and a look at their newest platform:
http://www.youtube.com/watch?v=U1nsYd3lG60 http://www.ambarella.com/products/consumer-hybrid-cameras.ht... http://www.anandtech.com/show/6652/ambarella-announces-a9-ca...
That was pre-kickstarter days. Kickstarter has levelled the playing ground for other hardware entrepreneurs in getting early support to pay for the tooling and moulding process.
Oh and GoPros are not only tied to a person, but often tied to objects (like bikes, airplanes, boats, etc)
Though Google glass and whoever competes with it will get there too, eventually.
Another strategy is that they can compete with price. Consumers can always buy a case and a strap to house their smartphone in, but if you're filming sports there's a quite high risk to destroy the phone. The price of GoPro-style video cameras will go down over time (if they won't constantly add new features in), but the cost of phones will probably stay high in the future.
Consumers will likely choose the $79 camera instead of risking their $500 phone to film sports.
Will smartphones be able to include much larger sensors in the future?
Is there some new physics that obviates the need for a large sensor?
The 5D Mark III has > 24x the sensor area of an iPhone 5, and most smartphones are even worse off [0] [1]
[0] http://en.wikipedia.org/wiki/List_of_large_sensor_interchang... [1] http://www.chipworks.com/blog/recentteardowns/2012/09/21/app...
Even though larger sensors will be beneficial, at some point the small sensor will be good enoug for 99% of consumers, though professionals will still prefer the larger sensor.
>Will smartphones be able to include much larger sensors in the future?
Perhaps, like Nokia pureview did - however that phone is slightly larger than the average smartphone.
>Is there some new physics that obviates the need for a large sensor?
No, but technology will advance so that small sensors will be sufficiently good to 99% of consumers. There's progress in sensor technology ever year. There's also progress on the processor side, which has been/is apparently a bottleneck, as new processors in DSLR cameras enable better image quality (take for example DIGIC processors).
I have a 5D Mark III and there is a huge difference in quality with my iPhone 5. I can put on a f1.2 lens on the 5D and get amazing autofocus accuracy with a depth of field (DOF) of millimeters in low light and get an amazing shot at ISO 10,000. The phone is impressive for what it is but the autofocus doesn't have to do much because the DOF is so big. If you have a bigger sensor and more megapixels you need a good quality lens and good autofocus.
On the other hand GoPro have a pretty good quality output where big DOF is a good thing and they focus on high frame rate video for action. I would love if my phone had better image stabilization (e.g. Luma app) and went up to 120fps at full HD. That would be achievable soon.
I love me my iPhone 5 but unless you want a phone the size of a 1980s one, there are physical limitations. Try photographing a soccer play from the sideline or getting a shallow depth of field with a phone, things you pay thousands for a full frame SLR for.
Now, as good as a good point and shoot soon? And better because its Always in your pocket and connected? I'll buy that.
It's true that DSLR cameras have many advantages compared to smart phones, but I was talking about image quality. Professionals and hobbyists will buy the DSLR instead of shooting with a camera phone, but this doesn't apply to your average consumer.
Edit: Better googling yields this article which talks a little bit about the timeline, so definitely not just for the article: http://www.forbes.com/sites/lewisdvorkin/2012/09/13/inside-f...
Where credit's due: The Forbes team developed the GoPro feature using our toolkit as a starting point. (We did the timeline in Lewis D'Vorkin's post that you referenced.)