Then true photography is in serious trouble.
No, professional photography is in serious trouble. True photography is actually experiencing a renaissance.
If a phone gets to the point where it can automatically select exposure and take all the skill out of it by adding a filter over the top, then photography will be a dead art.
If you define "skill" strictly that way, or by demanding a high barrier to entry with expensive equipment and glass, then sure, the "artform" is dead. But that's far from the case if you define "skill" by the true meaning: the ability to effectively frame and compose a shot; knowing the rule of thirds and when to break it; knowing how a subject must be lit for the image to express the way you want it to (which no auto exposure setting can account for); understanding the workings, capabilities and limitations of the device you hold in your hand and how best to leverage it.
Make no mistake, a badly composed, poorly-thought-out shot will still look bad, no mater what Instagram filter you slap on top of it. But if "true photographers" feel the need to snort at anyone who dares try to take good pictures with anything but the finest dSLRs and lenses, then I submit that the "artform" they practice absolutely deserves to die.
Such people have forgotten the roots of the artform and its history. The basic Camera Obscura and Brownie camera were the historic building blocks of this form of expression, and they were available to the masses and offered the bare minimum of capabilities, far less than the modern smartphone camera, and yet they can take the most expressive, artistic photos in the right hands. And if you rely solely on "professional" glass to make your shots perfect, then you're no better to me than someone who slaps digital filters on their pics and calls it a day.