This isn't exactly surprising. A lot of (probably correct) speculation for now this only means axing fixed lens cameras; but what about future models of the GH (goodbye) and everything on S series line but a S1h/Bs1h equivalent? Do those stay Panasonic and it will just be a future high end co-branded with Leica?
The prestigious website Nikkei reports:
The prestigious website Nikkei reports:
The company (Panasonic HD) said, “We have stopped developing new models that can be replaced by smartphones.” Production of existing products will continue for the time being, but in the future, the company plans to concentrate on developing high-end mirrorless machines aimed mainly at enthusiasts and professional filmmakers. We are planning to release a mirrorless machine jointly developed with Leica Camera, which we formed a comprehensive partnership with at the end of May, in about a year.