Canon is considering to withdraw from the low-priced compact digital camera market (cameras priced under $200) and concentrate on DSLR models in the future. The company is citing plummeted compact cameras sales as a result of fast growing smartphone market.
At the same time Nikon sees smartphones as an opportunity:
Nikon now sees smartphones as an opportunity, not as a threat - they are now making cameras to be "always connected" to mobile devices (Wi-Fi) for picture sharing, etc. Few weeks ago Nikon was also seeing future growth in more advanced compact cameras.