dilbert said:
The thing is that Canon is now failing to capture people "stepping up" into real cameras. Thus it may be that the wave of Canon owners has surged and is now a swell moving towards shore.
It may be, or not. It's not like Canon is ignoring the MILC segment entirely. Granted, the M was basically a flop outside of Asia (at least until the fire sale), but the MILC market as a whole is fairly weak outside of Asia, and that was even more true when the M launched.
As for the EOS M in Asia, don't forget it was the #2 best seller in Japan, beating out models from established brands like Olympus, Panasonic and Fuji and only a few percentage points shy of Sony's top seller. Canon's Dual Pixel AF is tailor-made for MILC applications.
So before concluding that Canon has missed the wave, consider that on a global scale, the mirrorless wave is still quite small. Inexperienced surfers may catch it, but it's not yet going to lift profits high enough. Once that wave gets big enough, it may well be that the Big Kahuna will ride it to the top, perhaps knocking a few little surfers off their boards on the way up.