I... And, if this dire prediction was valid, why have Canon, Sony, and Nikon brought out new flagship models of mirrorless cameras?
This is exactly the point of the blog: those are *expensive* flagships for the pros. The A1 costos $6500, and if you add a reasonable set of lenses and other gear, you'll be north of 30 grands!
If the prediction is correct, and I find it very reasonable that it indeed is, it will be the amateurs who will suffer because less expensive gear will be slowly phased out.
The last camera I've bought was my awesome RX100M3 for $650, while the M4 was just released for $750.
Now, the RX100M7 sells for $1300 at amazon. While it is true that the M7 is far more advanced than the M3, this is natural for any piece of technology, be it cameras, cell phones, computers, whatever. This is because of Moore's law which states that for *the same cost* all electronic devices duplicate the amount of components every two years.
So, taking Moore's law in account, the M7 costs the same as TWO M3's being both equivalent.
As an Electrical Engineer I'm involved in computer vision and specify for purchase a lot of high end of industrial cameras every year.
In that case, the trend is exactly the opposite: as the years come and go, the prices are sinking at incredible rates. For example a 6MP industrial camera rated for 65ºC did cost about $2500 in 2015... but only $400. And the new cameras can shoot up to about 120 FPS, while the old ones no more than 10 or 12.
The point is that as sales dwindle, the photographic gear suppliers (Canon, Nikon, Sony, etc.) are rising their prices to keep profit while the market shrinks.
It is not the first time that happens... the last typewriters where getting more and more complex and more and mode expensive at the same time. What is the market for typewriters now in 2021?