If you've been waiting nearly a decade for the just-announced RX1R III, you're in for a severe case of sticker shock, as the camera debuts at a Leica-like price.

Sony just surprised the photography world by unveiling the RX1R III, a fixed-lens 35mm full-frame compact camera. Coming nearly ten years after the RX1R II, it has a 61MP Exmor R sensor along with Sony's latest image processing technology that promises low noise and high dynamic range.

Sony has announced the RX1R III, the third generation of its full-frame compact, with a 60.2MP sensor sitting behind its 35mm F2 lens.