That news from Canon goes with a recent report that Samsung is converting some of its production capacity from those "only one lens, only a camera" devices to its NX compact system cameras. Of course, Samsung is part of the attack from both sides:
- compact cameras that are more flexible by also being phones and computers, and
- compact cameras that are more flexible through having interchangeable lenses and bigger sensors.
Also, that talk of "sales contracting in the developed world, but still growing in emerging markets" has an ominous familiarity -- that is the pattern with Nokia, and with RIM's Blackerry phones. To me it just means that compact camera sales will peak and start declining in those emerging markets too, in a few years.