So…I'm planning on picking up a decent compact camera this year, with the possibility of taking said camera snorkelling (with an appropriate case). I settled on the Canon G7X II as a likely candidate, and so have been monitoring prices on this.
Now, the rumour mill would have it that the G7X II is soon likely to be replaced (probably by the G7X III), so I'll be waiting for a while longer to see what happens. Strangely though, I have noticed the 'street' price going up and up on this camera. The best price I see was around $540 at The Good Guys after Christmas. Since then, it was pretty much around the low $600 mark, and has more recently gone to around $700 (Amazon was around $600 when I started watching, and is now more or less around $700 when they have it in stock). TGG seems to have been knocking it up by $50 or so every now and again - they were at around $650 early last month, and are now offering it at $849!! Even Canon's own RRP on this camera is $50 cheaper at $799!
I was sort of expecting the price on this camera to drop at some point because of the impending replacement. If the new model has 4k, DPAF, and mic in, it will absolutely kill the Mark II. What's going on here?
Why would price drop before a replacement has been announced or released? Sounds like pretty normal demand/supply and distributor/manufacturer/retailer price fluctuations over time.