There are couple of reports today saying that Canon plans to leave the sub $200 compact point and shoot market. The segment has been decimated by smartphones over the last 3-5 years and sales are no where near what they were.

The move makes a lot of sense, Canon would be better suited putting development dollars into DSLRs, lenses, advanced compacts and the Cinema EOS lines.

Source: [DCI] via [PR]


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