Panasonic shows an impressive CM1 smartphone with 1 inch sensor and 28mm f/2.8 Leica lens.

Like you know smartphones are killing the compact camera market. That’s why Panasonic came up with a unique solution. They announced the impressive CM1 smartphone with following photocamera specs:
1 inch sensor
20 megapixel
28mm f/2.8 leica lens

It also has:
4.7-inch screen
2.3Ghz quad-core Snapdragon 801
2GB RAM
microSD cards up to 128GB in capacity
Android

For now it’s going to be sold in France and Germany only but if successful it will be sold in many more countries.

Hands-on at Engadget.