Are Video Camcorders Obsolete?

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Are the days of the traditional Video Camcorder numbered? Thanks to Sony NZ who kindly loaned me the Sony FDR-AX700 Camcorder https://store.sony.co.nz/videocamera/FDRAX700.html#start=1

Amazon Link to Sony FDR-AX700 https://amzn.to/37jg4Wj

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Видео Are Video Camcorders Obsolete? канала Grant Johnston