Forget about the disappointing Canon G1 X and G1 X Mark II. Canon, may have lost its way over the last few years, ceding its point-and-shoot marketshare to Sony and Olympus, but the company’s crawling back with the PowerShot G7 X.

Now that 1-inch sensors are officially a big deal, no doubt thanks to Sony’s successful RX100 series, Canon’s hopping on the wagon. The G7 X is positioned as a Sony RX100 Mark III competitor of sorts. It has a 20.2-megapixel CMOS sensor, Canon’s DIGIC 6 image processor, ISO 125-12800, 4.2x optical zoom, and an f/1.8-2.8 lens.

The G7 X also has a 31-point autofocus system, 6.5 frames per second continuous shooting, image stabilization and 1080p Full HD video recording at 60p.

The ring around the lens is once again programmable and the 3-inch (1.04 million dot) LCD touchscreen flips up 180-degrees for selfies. And of course, it has built-in Wi-Fi and NFC for pairing to mobile devices.

The only thing the G7 X doesn’t have that the RX100 Mark III does is a little pop-up electronic viewfinder, but most people can live without it.

You can pick a G7 X this October for $699.99, a $100 less than the Sony RX100 Mark III. I’m digging the red accents around the shutter and mode dial.

Price: $699.99
Source: Canon