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The point-and-shoot digital camera market continues to shrink as more folks rely on their smartphones for nearly all of their camera needs. As a result, we’ve seen several OEMs introduce cameras that further enhance the photography experience, including devices like the Galaxy K, which give us a P&S-like cameraphone combined with the ability to make calls, receive texts and a use cellular data.

Now Panasonic is getting into the cameraphone game with its Lumix DMC-CM1, which packs a 1-inch 20MP sensor with a f/2.8 Leica DC Elmarit lens. This massive lense is said to be on par with what you’d find on devices like the Nikon 1 series and Sony RX100, and should provide an experience that’s above just about every other smartphone out there. As for the rest of the specs, you’ll get a 4.7-inch 1080p display, a 2.3Ghz quad-core Snapdragon 801 with 2GB of RAM, 16GB storage with microSD, a 2600 mAh battery and Android 4.4 KitKat. Not bad at all.

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Of course, it’s very doubtful Panasonic will officially bring the phone to North America, though it could make its way over there via import. At least for now, the only markets confirmed to receive the device are France and Germany. No exact word on pricing or release, though the phone is expected to become available this year.

Based on looks, its beefy camera and its decent 2014-flagship-capable specs, would you consider the Panasonic Lumix DMC-CM1 if it arrived to a market near you? How much would you pay for such a device?

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