News is coming in from various sources that Canon has signaled the end of the "inexpensive" P&S market and will no longer produce models that are competing against cell phone cameras. I expect other manufacturers to do the same this year as well, kind of surprised Canon was the first.
I don't think they are first actually - I seem to recall similar announcements last year from both Fuji and Olympus - no more cheap P&S, only higher-end models. And though Sony never announced such a thing, their HX line of superzooms and their RX line of high-end models seem to have been the dominant if not only releases in their Cybershot lines lately.
Interesting changes taking place in the market, I am really excited by the mirrorlesss cameras and have begun looking at my options. With many here taking the plunge with the Sony cameras it is hard to ignore. I am really tired of lugging sound a bunch of DSLR camera equipment, especially at the parks. I recently sold ALL of my Canon DSLR equipment and have started to look at my options. I really like the cameras Olympus has been coming out with and I'm leaning in that direction, but am in no hurry whatsoever. I still have access to a D800 if I need it, so that made unloading the Canon gear a lot easier.
I think you're right, its just that they didn't really announce it. ; Sony has been quietly prepping the cellphone market and recently did so - their new Xperia Android has a 20mp sensor and will also shoot 4K video.
I think there will always be a budget line of cameras (sub $100) but it does seem the middle range P&S is losing team compared to the mirrorless and entry-level d/slrs.
