Yes, but no reason then to upgrade your phone to get a better camera at premium prices.
How about using the camera phone if you are strolling down the street and want to make a Pulitzer photo and getting a better camera for those times you know you will be making photos like an anniversary, etc.
The thing is: look how much we love convenience! Instead of having two devices (a decent phone and a much better separate camera, both rarely updated) we prefer to constantly upgrade the phone to have a better camera.
But a lot of the times you know you will be making photos in advance. If you go on holiday or you have an anniversary, etc. there's not that much planning required or bother to bring the proper separate (compact) camera.