2019 holiday shopping season is just coming up - that's when a lot of camera sales and discounts happen. For Interchangeable Lens Cameras (ILC), new models get announced round about this time and I assume many people would wait for updated models.
While I wouldn't be worried about ILC sales yet, compacts are an entirely different story. Phone cameras now have wide angle and telephoto lenses, PDAF sensors, depth sensing, better AI, and have powerful CPUs easily capable of high-fps 4K. Sensor sizes are approaching parity to high-end 1"-sensor compacts like RX100 and LX100 with Samsung Isocell GW1 (1/1.7" sensor) and Isocell Bright HMX (1/1.33" sensor). There will be fewer reasons to buy these in a couple of years.
Low/mid-tier compacts have long been surpassed by phones. In fact, mid-tier compacts from 2010-2012 fare better than those of today. Back then, these compacts (Canon G12, Nikon P7x00, Olympus Stylus-1, Pansonic LX5 etc) used to have 1/1.7" sensors (with a sensible 10-12MP resolution) and now we have tiny 1/2.3" sensors with 20MP due to the megapixel wars. This market is really dead now.
Super-zoom, small-sensor cameras like Sony RX10 and Nikon P1000 will not be challenged by Smartphones soon. But they are also kinda niche.
I have a mobile computer aka phone with a ToF sensor built in - the Samsung S10 5G. The Live Focus mode is a bit hit and miss, but like with any piece of equipment you learn to work with it - and the results can be astounding. The quality compared to the S10+ (I got a free upgrade to the 5G from that) which doesn't have the LIDAR like sensor is quite remarkable. I believe it's the same setup as the Note 10+.
I've had a world class pro photographer comment with some disbelief on the quality of shots that are attainable from this.
The upgrade in live focus on Samsung phone from one generation to the next is scary good. I did s7 edge, s9+ And now s10+ and it moved from cool toy needing a lot of work to “almost there”.
The original on s7 had only one lens to work with so you had to wait during your shot while it took several at different focus.
While I wouldn't be worried about ILC sales yet, compacts are an entirely different story. Phone cameras now have wide angle and telephoto lenses, PDAF sensors, depth sensing, better AI, and have powerful CPUs easily capable of high-fps 4K. Sensor sizes are approaching parity to high-end 1"-sensor compacts like RX100 and LX100 with Samsung Isocell GW1 (1/1.7" sensor) and Isocell Bright HMX (1/1.33" sensor). There will be fewer reasons to buy these in a couple of years.
Low/mid-tier compacts have long been surpassed by phones. In fact, mid-tier compacts from 2010-2012 fare better than those of today. Back then, these compacts (Canon G12, Nikon P7x00, Olympus Stylus-1, Pansonic LX5 etc) used to have 1/1.7" sensors (with a sensible 10-12MP resolution) and now we have tiny 1/2.3" sensors with 20MP due to the megapixel wars. This market is really dead now.
Super-zoom, small-sensor cameras like Sony RX10 and Nikon P1000 will not be challenged by Smartphones soon. But they are also kinda niche.