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Earlier in the week we quickly evolved intitial assumptions of the Canon PowerShot V1 being vlogging camera to it becoming a whole new line of Canon PowerShot compact cameras.
We are definitely happy about that quick evolution of the rumor.
It was also interesting to see Canon actually mention the compact camera segment in their end of year 2024 financial reports. I don't remember the last time they were mentioned in any meaningful way.
Canon has likely learned an important lesson over the last bunch of years. It's better to embrace an upcoming market from the start, than be playing catch-up once again. Though they do seem be able to find success as the tortoise.
The projected market hype of compact cameras may fizzle out, but instant cameras and film cameras haven't shown any signs of slowing down. It'll be fun to watch nonetheless.
This looks like the “G” moniker that has been around since 2000 will be laid to rest, and that's probably a very smart move. We don't expect the first V series camera to simply be a PowerShot G7 X Mark IV.
Rumored Sensor Size for the PowerShot V1
The most asked question that we've had about the PowerShot V1 is in regards to the sensor size. How big is it going to be?
We have now had two sources that are saying that that it'll be “approximately” be a Micro 4/3 sensor size.
For reference, a Micro 4/3 sensor measures 18mm x 13.5mm. The PowerShot G7 X Mark III was equipped with a Sony made 1″ sensor, or 13.1mm x 8.8mm.
Sensor Size Comparison

The Canon PowerShot G1 X Mark III was the only Canon compact camera with an APS-C sensor, which generally measures in at 22.3mm x 14.9mm. APS-C sensor sizes aren't identical across brands, so there can be variations as to what “APS-C” is.
The image sensors for the initial PowerShot V cameras are said to be made by Canon themselves. They have the manufacturing ability to do it, and it's also good for marketing. I don't think at this point Sony and Canon are going to have much of a collaboration on these sorts of things going forward.
So the PowerShot V1 will sit between both PowerShot G7 X Mark III & G1 X Mark III when it comes image sensor size. The Micro 4/3 sensor size should provide much better image quality than a 1″ sensor and also bring the benefit of keeping lens and camera body size down if the design calls for it.
When Will The PowerShot V1 Be Announced? We still don't know with any level of certainty. We're hoping that changes soon.
I'll add, we have heard nothing at all about the potential of an APS-C PowerShot camera.

Time to sell my Olympus E-PL with its atrocious ergonomics and menu!
So, when time comes to get a second small camera, I'll (generally speaking "we`ll") have great options 🙂
But with the 20mm F1.4 patent and this camera it already sounds like the couple of years are going to be expensive, especially since I do have plans to upgrade some other lenses and equipment 🤣
Are there FF sensor in a such a small body possible? I think had such a camera once...
CR guy even listed the reasons and concerns of doing so...
Well.. I guess the internet couldn't.
Thats what I get for not properly reading through the text. Shame on me
All I want from this line is good autofocus. The G7X III is great for photos but the RX100 VII blows it out of the water in video and autofocus. I use the RX100 VII as my compact camera and the EVF, flash and zoom make it great for almost everything, but I can't stand the menus.
If I could make a wish:
Give me camera like the G7X MkIII, 1" sensor, latest sensor design, DPAF and AF like in the lower end bodies (R50), and the same lens, (or better, but 24-100 mm FF eq) as the Mk III has.
16-50mm (35mm Equivalent) is too short for me. If it was an APS-C sensor, than that would make me rethink.
I hope the real product is similar!
There have been patents with fixed lens designs in the past, they aren't very common though. What does come about more often is compact lens optical designs. Though not many since they stopped with the development. I would expect to start seeing some over the next bunch of months.
Also I hope Canon doesn't make the same mistake like Panasonic with the ZS99 and doesn't give us a camera with mediocre sensor and lens. Keeping my fingers crossed that it'll be a real G7X successor.