Nikon's bread-and-butter business may be its entry-level and high-end DSLRs, but the point-and-shoot and mirrorless models are equally as important to the company. This is particularly true now more than ever, as these cheaper cameras begin to lose ground to smartphones with great photography features -- like the iPhone 6 or Galaxy S6. Still, Nikon isn't ready to throw in the towel just yet. Today, it is introducing the J5, a compact, yet powerful camera that's part of its 1 series of mirrorless hardware. The J5 comes with a brand-new 20.8-megapixel, VFI CMOS sensor (DC format), an XP5A image processor, ISO range of 1600 to 12,800 and support for NFC and WiFi.