Smart phones v/s Camcorders

If you take into consideration the latest technology being updated in the smart phones these days, one might view the options of buying any of the smart phones that fit your needs rather than spending an extra on a camcorder. With high MP cameras, optical zoom, digital zoom, even video recording with high quality and extraordinary picture quality, camcorders are being given second thoughts. Today, cheapest of the phones give higher battery back up and up to 32 GB external or in-built memory or storage space. Thus, it appears that the need of camcorders might actually deplete when people start realizing the differences and advantages.