Interesting fact for you... Sony RX100 VII is now 6 years old.
https://www.digitalcameraworld.com/cameras/compact-cameras/the-sony-rx100-vii-is-now-more-than-five-years-old-but-is-sony-even-planning-to-upgrade-the-beloved-compact
I remember when Sony updated this popular model every year.
They were throwing everything at it... pop-up EVFs, stacked sensors, 960fps slow-motion.
Fuji had a high-end compact, the X10, X20 and X30... Very ripe for an update, we may see one this year in fact.
And the Canon G7X has seen a revival in popularity like the Fuji X100.
In fact the G7X Mark II now commands close to $1000 on eBay.
However something is strange...
Smartphone cameras have never been better... Especially in terms of sensor size and zoom capabilities. Although a lot of the options outside of the duopoly (Apple and Samsung) reserve their Ultra models with best cameras only for the Chinese market.
And the retro-CCD cameras are also doing well (check the Canon Powershot G10 prices!), so it can't really all be about the appeal of a larger 1" sensor, or fancy features like 960fps and RAW.
So right now the camera product planners at Canon, Fuji and Sony must be quite confused. Do they come out with a high-spec or affordable compact line, or not bother at all?
I think what is happening, is that:
A) Social media has reminded a very large audience that compact cameras are FUN
B) What you can get up to with one, the shoots - the simplicity - it all looks cool on social media which further draws people in
C) There's a lot of affordable compacts
D) The top premium compacts with exception of X100 series have not had updates for AGES so the previous models are still in demand
So if I were a Canon or Fuji manager...
I'd be tempted to make a right mess of things and do a 'FUN' camera.
When what actually people want is a very capable small camera with serious photography pedigree, that produces pure art with cutting edge specs.
It is time for Sony to revive the RX1 series with 60mp A7R V sensor, and do the best RX100 ever with retro style body like a smaller X100 VI.
It is time for Canon to bring the G7X up to date with latest stacked sensor tech.
And Fuji should make a smaller X100, plus one with a zoom lens but similar form factor.
And they will fly off the shelves.
But I bet they won't get it, or understand this new "accidental" market 🙂