Leica has announced its latest camera, the Leica Q-P. Deemed "an artful statement of understatement," the Leica Q-P is essentially the Leica Q camera wrapped inside a more discreet, subdued frame.

Much like the Leica M10-P, a higher-priced and more toned down version of the M10, the Leica Q-P drops the iconic red dot in exchange for a classic Leica script engraving on the top plate of the camera and finishes off the stealthy look with a matte-black paint finish.

The Leica Q-P has a redesigned shutter release that Leica says provides "a more positive tactile feedback" and comes with a new brown leather carrying strap and an additional spare battery.

Aside from the aforementioned changes, the Leica Q-P remains unchanged from the Leica Q camera inside and out. It has the same Summilux 28mm F1.7 ASPH lens in front of the 24.2MP full-frame CMOS sensor and a Leica Maestro II image processor to crunch all of the data.

Likewise, it keeps the same 3.68MP electronic viewfinder, 3" 1.04 million dot touchscreen LCD display on the rear of the camera, and built-in Wi-Fi for compatibility with Leica's FOTOS smartphone app.

The Leica Q-P is listed on B&H as available for pre-order and is retailing for $4,995.