The camera industry is in a crisis. People have more or less stopped buying basic compact cameras, since mobile phones take good enough pictures anyway. Also DSLRs are seeing less sales.
There are two areas which still see good sales: Premium compacts and mirrorless cameras.
Panasonic used to be king of the premium compact line, with the Lumix LX7, and the Leica rebranded version. However, Sony raised the bar significantly with the RX100 series of cameras with a larger 1 inch sensor.
Panasonic's answer was the Lumix LX100, with an even larger sensor, however, now the camera is getting worringly larger than the predecessor. Also Canon wants to take part in this segment, with their Canon G7 X, also sporting a 1 inch sensor. Both of these cameras have significant issues, though: The Lumix camera lacks an articulated LCD screen, and the Canon lacks an EVF.