Nikon and Panasonic have announced they are phasing out low-cost compact digital cameras and will focus on more expensive mirrorless cameras. The main reason for this is smartphones, as they are equipped with high-quality cameras. Nikon has discontinued the Coolpix line of compact cameras and Nikon currently only offers two models with quality lenses. It’s also worth noting that Nikon has already stopped making DSLRs.
In turn, Panasonic Holdings “has not released new products in the price range below $370 since 2019. “We have stopped developing any new models that can be replaced by a smartphone,” the company said. Going forward, Panasonic will produce high quality mirrorless cameras for photography enthusiasts. The company also plans to release a mirrorless camera in conjunction with Leica Camera.