I started doing some research on pricing and I think I could probably get $125 for my set up. Considering I paid well over $500 is not a very good return. Yet, it's a perfectly good camera; I like the shots I take with it and it works.
I know digital cameras depreciate at an alarming rate, but is there something more specific? My camera depreciated about $125 a year give or take. So i'm guessing in about 3-4 years I can get a x100s for about $200. Also, I know there's room for improvement on sensor size, AF speed, noise reduction, but it's already pretty darn good. Do you think the tech plateaus? Do you think there will be many more advancements in the next 5 years to render today's digicams "RELATIVELY" obsolete?
Curious to see what you guys think.
Five years ago it was 2008. The only large sensor compact camera was the Sigma DP1, which was as slow as molasses and only worked well in bright light. Micro Four Thirds was just coming into the market and mid-range DSLR's like the Canon 40D and Nikon D90 were what all the enthusiasts were buying. Compact cameras like the Canon G9 were decent but still had relatively slow AF and cruddy high ISO performance.
Now we have micro four thirds cameras and lenses in abundance, the video industry was turned upside down by the 5D Mark II and subsequent full HD DSLR's, a number of aps-c ILC's and now a growing number of aps-c compacts. We even have a full frame (almost) compact camera, and the latter in only the last two years. Heck, Leica created the first full frame rangefinder in 2009 and in 2013 we have another one.
There's also a revolution taking place in the video camera industry. After the 5D Mark II, Canon realized there was a big market in the video industry and created the Cinema camera line, but the first camera, the C300, only does 1080p, whereas more and more cameras in that price range offer 4k and raw recording. The newly announced Blackmagic 4K cinema camera offers 4K raw recording for only $4000, whereas the Canon C300 is $15,000 and only does 1080p!
Even larger scale equipment is coming down in price. Only a year ago, you would pay tens of thousands for a Red Scarlet X, the entry level cinema camera from Red. Upper level Reds like the Epic have shot major features films like Pirates of the Carribean and Dredd. Recently, the price of the C300 was literally cut in half.
The push for better and better technology will not stop. As much as we are photographers, we also consume gear. The manufacturers create more and we want more, creating a cycle of evolution that is actually getting faster, not slower.
How does this relate to you? Whatever you buy now will always take the photos it has always taken, barring debilitating malfunction. Whatever comes five years from now will be half the price and offer twice the functionality. I would not call the cameras of five years ago obsolete, but frankly, there are much better alternatives available now, even from the last few years.
My Canon 30D still pumps out beautiful photos, but my Olympus EM-5 is much smaller, faster, and just plain cooler. It still lacks the creaminess of Canon but offers so much more functionality and speed.