Canon USA has shared a teaser image on social media, hinting at an upcoming product launch. The teaser, which reads “Coming soon March 26th,” suggests that a new camera—possibly related to the PowerShot V1—will be unveiled.

The image implies that a new addition to the “V” series will be introduced on March 26th. On the left side of the teaser is the already-released PowerShot V1 (available in Japan), while on the right appears to be an unannounced product set for a global debut. Given that the PowerShot V1 hasn’t been officially launched in Europe or the US, this suggests a simultaneous worldwide announcement.

The unreleased model appears slightly larger than the V1, hinting at a larger image sensor than the V1’s 1.4-inch sensor. Rather than being a mere variant of the PowerShot V1, it might belong to the EOS R series and potentially support the rumored RF lens system.

While the rumored “EOS RV” is not expected until late March, the silhouette of the teaser closely resembles the leaked images of the RV. If not the RV, it could be the rumored “EOS R50 V,” for which no images have surfaced yet. This new model might share a design similar to the EOS RV.

Here are three decent deals on Canon gear by B&H Photo.

• EOS-1D X Mark III DSLR Camera (Body Only) on sale at $4,499 (30.8% off) – Please note: the price doesn’t yet show up with the discount; guess it will do later.
• EOS R3 Mirrorless Camera and Audio Recording Kit on sale at $4,862.42 (29.5% off)
• EOS R3 Mirrorless Camera on sale at $3,999 (20% off)

More selected deals:

• Get Excire Foto (AI powered photo managment) with 15% discount by using code “canonwatch” at checkout
• USA: Canon USA | B&H Photo | Amazon US
• Germany: Amazon Germany
• Refurbished lenses and DSLRs at Canon Store (best deals might be found here)

Canon released a firmware update for the Canon EOS R1, version 1.0.2, and for the Canon EOS R5 Mark II, version 1.0.3.

There is not much coming with both updates, but error correction is always welcome:

• Optimized when camera temperature rise warning is displayed.
• Fixed a problem where the subject could not be properly focused during AF in certain zoom ranges.

You can download the EOS R1 firmware update from Canon Japan (the first to publish it).

You can download the EOS R5 Mark II firmware from Canon Japan.

A noteworthy Canon patent application was published on March 8, 2025. This patent details an innovative optical system designed for full-frame pancake lenses, specifically “21mm F8” and “26mm F8.” These ultra-compact lenses aim to deliver high optical performance while maintaining a slim form factor, making them particularly appealing for photographers seeking portability without compromising image quality.

Patent Overview

• Publication Number: P2025029311
• Release Date: March 6, 2025
• Title: Optical System and Imaging Device Having the Same
• Application Date: August 21, 2023
• Applicant:
  • Identification Number: 000001007
  • Company Name: Canon Inc.

The patent describes a compact optical system engineered to provide superior optical performance, addressing challenges commonly associated with small form-factor lenses.

Background

In imaging devices, there is a growing demand for lenses that balance compactness with exceptional optical quality, ensuring sharpness from the center to the periphery of the frame. However, conventional designs, such as those outlined in prior patents, often suffer from optical aberrations, including pincushion distortion, leading to reduced performance at the edges of the image. This new optical system seeks to overcome these limitations by offering a refined design that enhances image quality across the entire frame.

With this development, Canon appears to be pushing the boundaries of lens miniaturization while maintaining high standards of optical performance, potentially expanding creative possibilities for photographers and videographers alike.

Example 1

• Focal length: 21.45
• F-number: 8.00
• Half angle of view: 45.25
• Image height: 21.64
• Overall length: 27.17
• Back Focus: 16.13

Example 2

• Focal length: 26.25
• F-number: 8.00
• Half angle of view: 39.49
• Image height: 21.64
• Overall length: 31.98
• Back focal length: 20.42

Well this might have been the most discrete camera announcement in Canon’s history. Canon will release the PowerShot V1, a compact digital camera that enables easy, professional video and still image shooting, in late April 2025.

B&H Photo will notify you when the PowerShot V1 is available. For more information check this page at Canon Japan.

Press release by Canon Japan (machine translated);

The PowerShot V1 is the second compact digital camera in the PowerShot V series, which allows users to enjoy full-scale video shooting, following the Vlog camera PowerShot V10 (released in June 2023). Compared to the 1.0-type sensor installed in a normal compact digital camera, the 1.4-type CMOS sensor is about twice the area, achieving high image quality and high sensitivity. In 35mm equivalent, it covers a zoom range equivalent to a focal length of about 16mm to 50mm, and is compatible with a wide range of scenes such as selfies with multiple people, snapshots, and Vlogs. In addition, it combines the functions required by creators, such as high-performance AF and a variety of shooting modes, with a compact body, making it easy to shoot full-scale videos and still images. Canon will continue to expand its models that can both shoot full-scale videos and still images to meet the needs of a variety of users.

An integrated lens camera that combines professional photography performance with a compact body

The combination of a 1.4-inch CMOS sensor with a maximum effective pixel count of approximately 22.3 million pixels , the first Canon compact digital camera to be equipped with the DIGIC X image engine, achieves a maximum standard ISO sensitivity of 32,000 (when shooting still images). Canon’s proprietary AF system, Dual Pixel CMOS AF II for PowerShot , also achieves high-speed, high-precision AF. Furthermore, the inclusion of the Eye Detection function makes it possible to detect the eyes of animals, whose movements are difficult to predict, in addition to people, making it easy to focus when shooting. With full-fledged shooting performance packed into a compact body, you can carry it around with you on trips and enjoy shooting.

Video recording functions that allow for greater freedom in video expression, including the incorporation of a cooling fan

The camera is equipped with a cooling fan inside, which efficiently releases heat, reducing the impact of temperature rise on video recording time. In addition to realizing 4K crop/60P video recording, it supports “Canon Log 3”, allowing recording with rich 10-bit gradation and excellent color reproduction. Furthermore, shooting modes such as “Review Video”, which is suitable for product reviews, and “Image Stabilization Video”, which is effective for handheld shooting, ^*5 make video recording comfortable.

High-speed continuous shooting at up to 30 frames per second ensures you never miss a subject, and still image shooting functions enable a wide range of creative expression

When using the electronic shutter, continuous shooting at up to 30 frames per second is possible, making it possible to capture fast-moving subjects. In addition, the camera automatically recognizes the scene and supports difficult scenes such as night scenes and backlit scenes with the “Advanced A+” mode, and “Creative Filters” allow for impressive shots such as diorama and toy camera style shots, and many other functions that enable rich photographic expression.

Canon published their financial results for the year 2024. All is good and the company is in good health.

From Canon:

As for interchangeable-lens cameras, demand is stable thanks to needs of professionals and people who enjoy shooting still images as well as the needs of SNS users to shoot video. Additionally, demand was stimulated by the investment of each company to expand sales. As a result, the size of the market in 2024 was 6.3 million units, which exceeds last year. And in 2025, we expect it to be around the same level.
In addition to launching two new models in the second half of the year, the EOS R5 Mark II for professionals and enthusiasts and the EOS R1, our flagship model, we also conducted sales promotions for entry-class models. As a result, net sales of cameras in the selling season fourth quarter increase 14.6%, resulting in a 6.5% increase for the full year.
In 2025 as well, our plan is to expand sales of full-frame models, mainly the EOS R5 Mark II and EOS R1, which will raise our average selling price and lead to an increase in RF lens sales. Additionally, due to the spread of SNS, the popularity of compact cameras that can easily capture images that differ from those of smartphones is growing among young people. As a result, we are seeing a buildup of orders, mainly for higher priced models like the PowerShot G7 X Mark III. We aim to expand overall camera sales by 8.4% through increased production and supply.