Nikon is once again rumored to be working on a high-end Coolpix compact camera. The company to announce a new premium Coolpix compact camera with a 1-inch-type sensor at the beginning of 2015.

According to sources the high-end Nikon Coolpix compact camera with a 1-inch sensor is in development and expected to be announced at CES 2015 or at CP+ Camera & Photo Imaging Show 2015.

This camera is previously rumored with the names like COOLPIX P700 and COOLPIX P8000. The rumor mill also said that the compact shooter with 1-inch sensor will become official in Summer of 2014 before the Photokina 2014 event.

Now Nikon’s upcoming high-end Coolpix camera expected to arrive in early 2015.

New 1-inch Sensor Nikon Coolpix compact camera to be announced in early 2015

New 1 inch Nikon COOLPIX compact camera body will be magnesium alloy and sport a grip similar to the current Coolpix P5100 and Coolpix P6000.

The new Nikon Coolpix model will feature a 1-inch-type image sensor made by Aptina. The compact camera will sport a zoom lens with a maximum aperture ranging from f/1.8 to f/3. More specs can be seen below.

High-End Nikon COOLPIX Compact Camera Rumored Specifications

The new camera will most likely use a new 1″ Aptina sensor

At least Expeed 3 imaging processor (Expeed 4 is also a possibility)

Magnesium body

Comfortable grip similar to the Nikon P5100 and P6000 models

24- 120mm or 24-80mm equivalent fast lens (f/2, maybe even f/1.8) with 3 ED and 1 ASP glass elements

3.0″ or 3.5″ LCD screen

P A S M mode

Built-in GPS with Google maps

Built-in Wi-Fi

Price: under $1,000

If rumors are true, premium Nikon Coolpix compact camera will be the first Coolpix with 1″ sensor. The camera will compete against the newly announced Fujifilm X30, Panasonic LX100, Canon G7 X and the Sony RX100 III in the market.