Ricoh is debuting its new GR III compact camera at this year's Photokina event in Cologne, Germany. Fans of the minimal, no-fuss point-and-shoot GR series have been awaiting a follow-up to the popular GR II since 2015. The GR III is slated to hit the market in 2019.

As well as maintaining the series' no-frills, ultra-minimal retro exterior design, the GR III offers a nice spec update on the GR II, which The Verge describes as "a classic street photography camera." The GR III upgrades the GR II's 16-megapixel sensor to 24 megapixels, hosts a newly designed 28mm-equivalent F2.8 lens, and adds a 3-inch LCD touchscreen with 1.2 million dot resolution.

The camera can also record 1080/60p HD video, up from 1080/30p on the GR II, employs hybrid autofocus, is Wi-Fi enabled, and has 2GB of internal memory. The price is as-yet unconfirmed.

Check out the camera below.

In other tech news, Leica debuts the $300 SOFORT instant camera.