It’s also rumored to share the same 1.4-inch CMOS sensor as the V1, reportedly based on the 32MP Canon EOS R7 sensor. If Canon carries over other V1 features, we could see 8-stop image stabilization, Dual Pixel CMOS AF, and 4K video recording in the V3 as well.

Canon recently announced the PowerShot V1 compact camera for the Asian market, but could a V3 be next? If the latest rumors are to be believed, we might see not one, but two new PowerShot models this year.

Canon has announced a new point-and-shoot compact camera called the PowerShot V1 designed to appeal more to video content creators.

We pretty much broke down the doors of the CP+ Expo in Yokohama, Japan, where we were the first media outlet to get our hands on the new Canon Powershot V1. DxO has announced PureRaw 5 with more precise controls and expanded performance for more sensors.

With a 1.4-inch sensor that is similar to Micro Four Thirds, a built-in three stop ND filter, enhanced video functions and a built-in fan that is a first for compact cameras, the PowerShot V1 signals the return of compacts to Canon.

Canon has announced the PowerShot V1 large-sensor vlogging compact, but has yet to announce plans for the model outside Asia.