Video frames are very small, and not suited for print. If you're a sports photographer for example, you need to shoot several full sized photos per second for several seconds at a burst.
You need dials/knobs/buttons on the camera so you can adjust things quickly without taking the viewfinder away from your eye.
Lenses.... that's where much of the image quality comes from in great images (something one might hang on their walls, etc.). Physics limits what can be done with a tiny cell phone lens.
I know that. The point is that the iPhone's processor is faster than any processor out there. INCLUDING any processor in any camera you can name. It can do burst mode photos at 8 Megapixels at 10 per second if you like. . . or more. What do you call "full sized" photos? What resolution?
Other than the lenses in that new Lumix, and the ones in the Lumia, which are pretty damn good, the iPhone lenses are very good. . . and have been praised by professionals. I am not a professional photographer, but I am telling you that many professional photographers ARE using iPhones for their work. You can claim all you want that they are not. . . but the facts are that they are. . . and they are having no problem making money doing it. Did you even bother to look at the links I provided, or did you just dismiss them out of hand, because you are so sure you are right? Links to a Pulitzer Prize winning Professional Photographer's photos taken with his iPhone? Links to a National Geographic Professional Photographer's photos taken with his iPhone on assignment in Africa. Links to a TIME Magazine COVER taken with an iPhone 4s, not even the latest and greatest, taken with by a Professional Photographer for TIME Magazine on assignment. Or did you just assume they are all FAKES????
They did not need"dials/knobs/buttons on the camera so they could adjust things quickly without taking the viewfinder away from their eyes," CementJungle. They DID their photography with equipment YOU say they couldn't use for Professional use.