Black Friday is a big deal this year. Consumers are searching for the hottest sales for everything, including tablets and smartphones. The latter might take over this holiday season with cameras and Samsung.

According to a report by Agence-France Presse via Yahoo, the increasing popularity of smartphones is "crushing demand for point-and-shoot cameras."

"We may be seeing the beginning of the collapse of the compact camera market," said Nobuo Kurahashi, analyst at Mizuho Investors Securities.

Smartphones are causing dominating Japanese firms including Canon, Olympus, Sony, and Nikon, to bow down to picture-taking smartphones, which is just about on every smartphone if not all.

"Smartphones have proved a mighty rival to point-and-shoot cameras, analysts say, offering an all-in-one phone, computer and camera with comparatively high quality pictures and Internet photo downloading," the report said.

"The market for compact digital cameras shrank at a faster speed and scale than we had imagined as smartphones with camera functions spread around the world," Olympus president Hiroyuki Sasa told a news briefing this month.

So what does that mean for Black Friday? It could mean that consumers will be looking to buy a smartphone on sale rather than a camera on sale. It wouldn't be a surprise if Samsung takes over the smartphone sector.

According to ZDNET, Samsung will likely ship over 61.5 million smartphones in the fourth quarter of 2012 because of the popular Galaxy Note 2 and S3 devices, a report by Yonhap News Agency said.

The shipment volume could up as high as 63 million, and the Galaxy Note 2 will be a key contributor.

Samsung's "phablet" will feature a 5.5-inch HD Super AMOLED screen and a rear 8-megapixel auto focus camera with LED flash and front 1.9 megapixel CT camera. It has a 1.6 Ghz quad-core processor and 4G LTE data speeds. It is also expected to have Android 4.1 Jelly Bean pre-installed and come with the S Pen experience and comes with up to 64GB of memory with 2GB RAM and a microSD slow up to 64GB.

"The Galaxy Note 2 has shipped 3 million units in its first five weeks of sales, with sell-through strong in Asia and Europe, and the U.S. gathering pace post-launch. We hence forecast 7 million Galaxy Note 2, compared to our initial expectation of 5 million for the fourth quarter," Nicolas Gaudois, an analyst at UBS, said in the Yonhap report.

Samsung is expected to dominate the smartphone market vs Apple in 2013.

What are you planning to buy this Black Friday? Sound off below!