I tell most people that compacts are dead and they should just use their phone. This is given what most people do with their photos, which is not a lot. In a lot of cases, what people do with their photos is shoot, post, forget. (And not print.)
But I still use dedicated cameras, including an RX100, for specific reasons. My nice full frame ILC comes out when I want to “construct” a photo like a long exposure night shot, and because its mission has narrowed I probably won’t add to the two lenses I already own.
For general use, my RX100 stays in my bag or pocket at home or on travels, and I really love it. For several reasons related to “getting the shot” faster in situations where I want to shoot before the shot is gone. One reason, ergonomics. I hate trying to swipe a phone cam touch screen into just the right shooting mode and just the right settings, especially in bright light. On the RX100, if I am shooting from a vehicle for example and need to lock a high shutter speed to freeze action, just turn the top dial to S, set the speed, and it’s done. The physical controls make those changes faster, it makes exposure compensation faster, etc.
Another ergonomic reason is I find phones slippery (yes, my phone is in a case), and I have to watch out for my finger getting into the shot when I am stupidly holding a corner where the lens is. The RX100 is not the grippiest camera around, but I still prefer to hold it instead of a phone.
A big one…I have found that I really like shooting at high (overhead) and low (waist-level) angles. I love classic waist level shooting when I want to be a less conspicuous shooter. Both these angles are easily enabled by the articulated viewfinder of the RX100. I just swing it up for waist level, or down to shoot over other people or obstacles. When I pull out my phone to take a picture, I feel restricted because it must be kept at a position where I can see the screen that can’t move.
The RX100 also has an optical viewfinder, which is useful in these bright summer days.
I do think the RX100 is expensive, but realistically, even though the design is over half a decade old at this point, the market is shrinking so much that they probably won’t make money if they lower the price. The high price is why I went for the VA, not the VII, to save a few hundred dollars, but also because I wanted a fast wide end more than I wanted a long end.
But if you’re already going to spend $800-1200 on a phone, it’s a hard decision to spend another $1000+ on an RX100 based on an aging design. It is because I spent for the RX that I can keep my phone under $500.