Panasonic plans to step out from the low end compact camera business

The factory in Xiamen.

The Japanese site Asahi (via Digicameinfo) reports that Panasonic is seriously considering to completely step out from the low-end compact camera business. Panasonic’s Chinese factory in Xiamen that produces Panasonic’s compact cameras will be converted to produce cameras for other manufacturers too.

This is part of Panasonic’s strategy tofocus on the more advanced mirrorless camera market. New High End models are expected to be alunched in 2014.