Point-and-shoot compact cameras aren’t dead, they’ve just changed

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Coolpix, Cyber-shot, PowerShot, Exilim; these compact camera sub-brands all now sound like they’re from a bygone era. And their demise has been all-but-confirmed by a new report from Japan that most major camera manufacturers, including Nikon, Sony, and Canon, are now dramatically scaling back their point-and-shoot camera offerings, if not abandoning them entirely.

The Japanese business newspaper Nikkei (opens in new tab) spoke to all of the former giants of pocketable cameras for its report, picked up by Petapixel (opens in new tab), which concludes that the “major camera companies” have “stopped developing new compact digital cameras” in order to concentrate on “mirrorless cameras with high unit prices.”