From Board Games to Cameras: How Smartphones Are Gutting Other Industries

Time reports:

After toy manufacturers Hasbro and Mattel posted below-expected profits for the second quarter of 2013 this month, many placed blame on the same phenomenon: the rise of smartphones and tablets. The Wall Street Journal attributed Hasbro’s tough times to “the threat of mobile devices that are competing with physical toys and changing how kids play.” The Associated Press said the toy industry as a whole had been hurt by “increased demand for electronic gadgets like smartphones and tablets.”