Fujifilm’s compact camera line-up may soon welcome a surprise addition: the beginner-friendly X-M5. Rumored to be a successor to the X-M1 from 2013, the X-M5 has emerged in leaked images and teasers, hinting at an affordable alternative to the popular Fujifilm X100VI.

A Compact, Retro-Inspired Camera

Compact cameras are making a comeback, and the X-M5 could be an appealing option for those seeking a retro-inspired model with interchangeable lenses. Early leaks suggest the X-M5 will be a smaller, viewfinder-less version of the X-E4, making it a budget-friendly option for photographers who may be put off by the high price and fixed lens of the Fujifilm X100VI, which remains in limited stock.

The leaked side-by-side images from Fuji Rumors indicate the X-M5 will be similar in size to the original X-M1 (117 x 67 x 39 mm). This makes it more compact than both the X100VI and the travel-friendly X-T50, a key selling point for those looking for portability. Fujifilm even teased a shot of the camera sliding into a pocket on Instagram, though you'll likely need a pancake lens like the XF18mm f/2 R to achieve that level of portability.

New Features and Design Details

• Compact and retro-inspired design: Smaller and lighter than the Fujifilm X100VI and X-T50.

• Interchangeable lens system: Provides flexibility for a variety of photography styles.

• No built-in viewfinder: A more affordable alternative to viewfinder-equipped models like the X-E4.

• Film Simulation dial: Quick access to Fujifilm’s signature film simulations, offering digital recreations of classic film stocks.

• Upgraded autofocus system: Expected improvements in autofocus performance, addressing previous concerns.

• Top plate redesign: Likely includes a dedicated Film Simulation dial, similar to the X-T50's setup.

• Pocket-friendly size: Can fit in a back pocket with a compact pancake lens, such as the XF18mm f/2 R.

• APS-C sensor: Continuation of Fujifilm’s high-quality APS-C lineup, likely offering strong image performance in a budget-friendly package.

• Expected lens bundle: Rumored to come with the XC15-45mm kit lens, making it an attractive entry-level option.

One of the more intriguing features of the X-M5 is a rumored Film Simulation dial, similar to the X-T50. While this feature divides opinion—beginners may appreciate the shortcuts to Fujifilm's signature film looks, while advanced users might prefer more customizable dials—it certainly adds a nostalgic touch. An upgraded autofocus system is also expected, addressing some recent criticisms of Fujifilm’s autofocus performance.

Fujifilm has teased more updates and likely reveals at its upcoming X Summit on October 14, where we could see additional details about the X-M5, alongside firmware upgrades to enhance autofocus across its lineup.

Filling a Gap in Fujifilm’s Lineup

The X-M5’s return would be a nod to current camera trends, which have seen a resurgence in both film and small digital cameras. With the premium X100VI priced at $1,599 / £1,599 / AU$2,899 and often back-ordered, the X-M5 could fill the need for an affordable, entry-level model.

While the exact pricing for the X-M5 is still under wraps, the original X-M1 launched at $799 / £679 (around AU$1,320) with a kit lens back in 2013. Adjusted for inflation, that price would exceed $1,000 today, but there’s hope that the X-M5, potentially bundled with the XC15-45mm lens, could remain accessible.

What’s Next for Fujifilm?

Looking beyond the X-M5, Fujifilm may have even bigger plans in the works. Rumors suggest a digital equivalent of the half-frame Pentax 17 could be in development for a 2025 release. The Pentax 17, a film camera launched earlier this year, uses half-frame 35mm film to fit twice the number of shots on a roll. While details on Fujifilm’s digital take on this concept are still scarce, it’s clear that the company is keen on blending its film heritage with modern digital convenience.

Stay tuned for more updates at Fujifilm's X Summit on October 14, where we expect to hear more about the X-M5 and potentially new XF lenses.