I just listened to a long (35 minute) podcast by Tony & Chelsea Northrup about Nikon's reporting "Extraordinary Losses" (http://www.nikon.com/news/2017/20170213_1_e.pdf): The consumer compact market is disappearing. They have announced Cameras which never came to market. They produced a "Go-Pro" line which has miserable ratings on Amazon. Their Camera operating system is archaic. They have no touch screen capability. Their screens are poor. They don't have as many other businesses (as compared to Canon) to fall back on. And so on. Curious what other people think. His general conclusion is that, opposed to Canon, Nikon recognizes the problem and is trying to adapt. But turing around a 100 year old titanic is going to take time. Luckily they seem to have the cash to give them some time, but there is a deadline. This is opposed to Canon which seems not to be making the changes necessary to adapt to a phone driven camera market.