Why compact cameras have fallen so far
The reasons for compact cameras’ dramatic fall are twofold. One is due to the fact that prices of interchangeable lens cameras have fallen dramatically over the years, so it simply makes more sense to get an ILC over a compact camera. Today’s ILCs are small enough and offer better performance than compacts, so why not pick one up if you’re going for a new camera?
The second – and probably bigger – reason is that the cameras in our smartphones are getting better and better. Advanced camera functions are becoming more and more commonplace. Some smartphones offer the option to save images in RAW, while others offer in-camera filter effects, panorama capture modes, and even the ability to shoot 4K video.
Some compact cameras have gained these functionalities too, but for most users, the quality they get from their smartphones is good enough, especially for online and messaging, so why carry yet another gadget?