Nikon V1 with kit zoom for $299 might as well be free (excellent deal for a mirrorless camera w/EVF, great auto-focus; only problem is the lens line up is not yet anywhere near complete). Points out how desperate the camera manufacturers are and how much camera oversupply there is.

I really think that one or more of Sony, Olympus, Ricoh, Pentax, or Samsung will exit the camera business in the next ten years (my prediction would be Olympus even though I love their cameras and Ricoh and perhaps Sony).

Two reasons:

  1. Too many me too cameras that aren't social cameras, and
  2. competition from cameraphones which is the only camera that most people will ever buy and use in the near future and cameraphones won't be made by "traditional camera makers"

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