It seems that Panasonic is dumping development of their lower-end camera systems in favour of higher-end kit for enthusiast and professional photographers and filmmakers, according to a report from Nikkei Asia. Exactly how low-end Panasonic will go is unclear, but it seems that they’ve finally admitted defeat in certain sectors of the market against the onslaught of ever-improving smartphones.
It’s not much of a surprise. Many companies have been killing off compacts for several years already, putting their efforts where things pay a little better. Only a handful still produce even high-end compacts now. And, well, it looks like Panasonic’s following suit and killing off their lower-end stuff.