Canon is considering to withdraw from the low-priced compact digital camera market

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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.

Via Digicame-info, Nikkan

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