Panasonic intros expensive Android phone with 1" camera

Panasonic gave up trying to make a name for itself selling smartphones in developed markets a while back, after the failure of its Eluga-branded devices. But now the company seems to want back in. Today at Photokina 2014 it introduced the Lumix Smart Camera CM1. This is, depending on how you want to look at things, either a smartphone with a great camera strapped to it, or the other way round.