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Do compact cameras have a future?

I love my Sony RX100. It has over 20 MP, can fit in my pocket, has a great lens, and has a killer watercolor feature. I often find myself taking it with me rather than my Canon 40D DSLR. Most reviews say it's the best pocket digital camera you can buy. But do these compact cameras have a future given the advances in phone cameras? Phone cameras today are able to add so much more functionality via software, it's hard to see how these won't be relics.

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Uploaded on October 19, 2017
Taken on July 4, 2017