Canon's Big, Pricey Point-and-Shoot Is Lost in a Mirrorless World

It's a tough time for a camera company to sell anyone a point-and-shoot camera, let alone one for $799Smartphones are stealing away the low end and affordable mirrorless cameras are eating away at the high end. Canon, a company that still makes its bread and butter from DSLR sales, apparently didn't get the memo. In spite of changing market trends — declining point-and-shoot sales and booming mirrorless sales — it's decided to release the PowerShot G1 X Mark II, a high-end point-and-shoot su...