This is the right move by camera manufacturers. The low end, compact camera has been replaced by people's smart phones and computational photography. All the innovation in the small compact market is on phone cameras. It's just not compelling or fiscally responsible to continue to spend money on R&D and manufacturing in the low-end compact market if you're one of the large camera companies. The money to be made is in the professional market. Higher margins, more expensive camera bodies and glass. Feels similar to what Ford did when they stopped making sedans/compacts and went full on trucks, crossovers and SUVs. The only real money maker that I've read about on the low end is the Instax line by Fujifilm, which fills that nostalgic, film based approach.