Canon released its full-year financial reports. In the camera section, Canon acknowledged “the popularity of compact cameras“:
“Additionally, due to the spread of SNS, the popularity of compact cameras that can easily capture images that differ from those of smartphones is growing among young people. As a result, we are seeing a buildup of orders, mainly for higher priced models like the PowerShot G7 X Mark III. We aim to expand overall camera sales by 8.4% through increased production and supply.”
We can be certain that Canon will release new compact camera(s) very soon since the model they mention in the financial reports (Canon PowerShot G7 X Mark III) has been discontinued for a while.
Here are the details for the Canon Imaging Business Unit: