Updated (May, 2013): Compare the Nikon 1 V2 vs Olympus Pen E-P5

Nikon 1 V1

Winner
Nikon 1 V1

49

vs

Olympus PEN E-P3

46

Olympus PEN E-P3

Runner-up
     

Reasons to buy the Nikon 1 V1

Great viewfinder
Viewfinder
Digital
High speed movies
High-speed framerate
1,200 fps
Rapid fire
Continuous shooting
60 fps
External mic jack
External mic jack
Record higher quality audio with a microphone
 

Reasons to buy the Olympus PEN E-P3

Image stabilization
Image stabilization
Sensor shift
Touch screen
Touch screen
Less buttons
Startup delay
Almost no delay when powering up
900 ms startup delay
Screen type
OLED Screen
Bright and vivid
 

differences

Advantages of the Nikon V1

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Autofocus
Faster video autofocus
Phase detection vs Contrast detection
Help
Shoot videos without worrying about focus
Continuous shooting
Shoots much faster
60 fps vs 3 fps
Help
20x faster continuous shooting
High-speed framerate
Records high-speed movies
1,200 fps vs None
Help
Capture events too fast for the naked eye and play them back in super-slow motion
Viewfinder
Has a viewfinder
Digital vs None
Help
A viewfinder can help save battery life by keeping the screen turned off
External mic jack
Has an external mic jack
Yes vs No
Help
Record high quality audio with an external microphone
Screen resolution
Higher resolution screen
921k dots vs 614k dots
Help
50% higher resolution screen
Focus points
Significantly more focus points
135 vs 35
Help
Set focus accurately within the frame
Dynamic range
More dynamic range
11 EV vs 10.1 EV
Help
0.9 f-stops more dynamic range
Shutter lag
Less shutter lag
97 ms vs 222 ms
Help
2.3x less delay when taking photos
Color depth
Better color depth
21.3 bits vs 20.8 bits
Help
Distinguishes 0.5 more bits of color
Overall image quality
Slightly better image quality
54.0 vs 51.0
Help
Around 10% better image quality
Battery life
Slightly longer battery life
350 shots vs 330 shots
Help
Around 10% more shots per battery charge
Fastest shutter speed
Much faster max shutter speed
1/16000s vs 1/4000s
Help
4x faster max shutter speed
Weight
Lighter
294 g vs 369 g
Help
More than 20% lighter
Nikon 1 V1 Learn more about
the Nikon V1

Advantages of the Olympus E-P3

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Screen type
Has an OLED screen
OLED vs LCD
Help
OLED screens are often brighter and more vibrant than typical LCD screens
Image stabilization
Image stabilization
Sensor shift vs None
Help
Helps eliminate blur caused by small camera movements
Panorama
Can create panoramas in-camera
Yes vs No
Help
Stitches together multiple photos for a wide perspective
3D
Takes 3D photos
Yes vs No
Help
Combines multiple photos into a 3D image
Touch screen
Has a touch screen
Yes vs No
Help
Fewer buttons to worry about and direct interaction with camera menus
Lens availability
Much more lenses available
40 lenses vs 8 lenses
Help
5x more lenses available
Low light performance
Slightly lower noise at high ISO
536 ISO vs 346 ISO
Help
The E-P3 has a slight edge (0.6 f-stops) in low noise, high ISO performance
Startup delay
Less startup delay
900 ms vs 1300 ms
Help
More than 30% less delay when turning on
Sensor size
Larger sensor
Four thirds 17.3x13.0mm vs Nikon CX 13.2x8.8mm
Help
More than 90% larger sensor
True resolution
Higher true resolution
12.2 MP vs 10 MP
Help
Capture more than 20% more detail in your photos
Built-in flash
Built-in flash
Yes vs No
Help
A built-in flash is useful for taking indoor shots where there is little light
Longest exposure
Much longer exposures
60s vs 30s
Help
2x longer exposures
Size
Smaller
122x69x34 mm vs 113x76x43 mm
Help
More than 20% smaller
Thickness
Thinner
1.3" vs 1.7"
Help
More than 20% thinner
Lowest price
Slightly cheaper
$399.00 vs $490.00
Help
The best price we've seen is $91 cheaper (around 20% less)
Olympus PEN E-P3 Learn more about
the Olympus E-P3
vs

recommendations

Which camera do we recommend? Relative to the best recent mirrorless cameras, and ignoring price

Snapsort Recommends
Nikon 1 V1 Nikon 1 V1 49
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        46 Olympus PEN E-P3 Olympus PEN E-P3
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            Color
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              similarities

              Compared to recent mirrorless cameras

              Common Strengths
              Movie continuous focus Focus continuously recording movies Help
              Makes it easy to get in-focus movies
              Sensor cleaning Self cleaning sensors Help
              Avoids dust in your photos
              External flash Each supports an external flash Help
              Better lighting
              Common Weaknesses
              HDR Neither has in-camera HDR Help
              You could do HDR manually
              Screen flips out No flip-out screens Help
              Less flexible
              True resolution Capture low resolution images Help
              V1:10 MP
              E-P3:12.2 MP
              Dynamic range Poor dynamic range Help
              V1:11 EV
              E-P3:10.1 EV
              Supports 24p No support for 24p Help
              Missing that film look
              Color depth Poor color depth Help
              V1:21.3 bits
              E-P3:20.8 bits
              Overall image quality Low image quality Help
              V1:54.0
              E-P3:51.0
              Sensor size Very small sensors Help
              V1:Nikon CX 13.2x8.8mm
              E-P3:Four thirds 17.3x13.0mm
              Weather sealed Neither is weather sealed Help
              Need to shelter it from weather
              Low light performance Above average noise at high ISO Help
              V1:346 ISO
              E-P3:536 ISO

              dxomark

              DXOMark

              competitors

              Shared Competitors

              Advantages

              Disadvantages

              Canon EOS M

              Canon EOS M

              Mirrorless interchangeable-lens

              $235 body only

              $315 with 18-55mm lens

              Overall image quality Has slightly better image quality
              Color depth Has slightly more color depth
              Fastest shutter speed Has a slower max shutter speed
              Shutter lag Has much more shutter lag
              Sony NEX-5N

              Sony NEX-5N

              Mirrorless interchangeable-lens

              $299 - $689 body only

              $803 with 16-50mm lens

              Low light performance Is slightly less noisy at high ISO
              Overall image quality Has significantly better image quality
              Fastest shutter speed Has a slower max shutter speed
              Shutter lag Has slightly more shutter lag
              Olympus OM-D E-M5

              Olympus OM-D E-M5

              Mirrorless interchangeable-lens

              $650 - $800 body only

              $899 with 14-42mm lens

              Overall image quality Has significantly better image quality
              Color depth Has significantly more color depth
              Fastest shutter speed Has a slower max shutter speed
              Thickness Is thicker
              Sony Cybershot DSC-RX100

              Sony Cybershot DSC-RX100

              Pro digicam

              $498 - $798

              Overall image quality Has slightly better image quality
              Screen resolution Has a slightly higher resolution screen
              Fastest shutter speed Has a slower max shutter speed
              External flash Doesn't support an external flash
              Nikon D3200

              Nikon D3200

              Entry-level DSLR

              $309 - $527 body only

              $389 - $447 with 18-55mm lens

              Low light performance Is slightly less noisy at high ISO
              Overall image quality Has much better image quality
              Fastest shutter speed Has a slower max shutter speed
              Thickness Is thicker
              Sony Alpha A6000

              Sony Alpha A6000

              Mirrorless interchangeable-lens

              $448 body only

              $598 with 16-50mm lens

              Low light performance Is slightly less noisy at high ISO
              Overall image quality Has much better image quality
              Fastest shutter speed Has a slower max shutter speed
              Thickness Is thicker
              Panasonic Lumix DMC-GX1

              Panasonic Lumix DMC-GX1

              Mirrorless interchangeable-lens

              $495 body only

              $570 with 14-42mm lens

              True resolution Takes slightly higher resolution photos
              HDR Has in-camera HDR
              Fastest shutter speed Has a slower max shutter speed
              Sensor type Has a CCD-family sensor

              Nikon 1 V1 Competitors

              Advantages

              Disadvantages

              Nikon 1 J1

              Nikon 1 J1

              Mirrorless interchangeable-lens

              $189 with 10-30mm lens

              Autofocus Faster autofocus
              Size Smaller
              Screen resolution Significantly lower resolution screen
              Viewfinder No viewfinder
              Nikon 1 V2

              Nikon 1 V2

              Mirrorless interchangeable-lens

              $399 - $797 body only

              $499 - $799 with 10-30mm lens

              Autofocus Faster autofocus
              True resolution Higher true resolution
              Color depth Worse color depth
              Focus points Fewer focus points
              Nikon 1 V3

              Nikon 1 V3

              Mirrorless interchangeable-lens

              $1,197 with 10-30mm lens

              Panorama Can create panoramas in-camera
              HDR Has in-camera HDR
              Autofocus Slower video autofocus
              External mic jack Lacks an external mic jack
              Nikon 1 J3

              Nikon 1 J3

              Mirrorless interchangeable-lens

              $333 with 10-30mm lens

              Autofocus Faster autofocus
              Panorama Can create panoramas in-camera
              Viewfinder No viewfinder
              External mic jack Lacks an external mic jack
              Nikon 1 J2

              Nikon 1 J2

              Mirrorless interchangeable-lens

              $280 with 10-30mm lens

              Autofocus Faster autofocus
              Panorama Can create panoramas in-camera
              Viewfinder No viewfinder
              External mic jack Lacks an external mic jack

              Olympus PEN E-P3 Competitors

              Advantages

              Disadvantages

              Olympus PEN E-PL5

              Olympus PEN E-PL5

              Mirrorless interchangeable-lens

              $407 with 14-42mm lens

              Overall image quality Significantly better image quality
              Dynamic range More dynamic range
              Screen type Doesn't have an OLED screen
              Screen resolution Lower resolution screen
              Olympus Pen E-P5

              Olympus Pen E-P5

              Mirrorless interchangeable-lens

              $799 - $800 body only

              $1,299 - $1,300 with 17mm lens

              Overall image quality Significantly better image quality
              Dynamic range More dynamic range
              Screen type Doesn't have an OLED screen
              Sensor type Has a CCD-family sensor
              Olympus PEN Lite E-PL3

              Olympus PEN E-PL3

              Mirrorless interchangeable-lens

              $424 body only

              $286 with 14-42mm lens

              Continuous shooting Shoots slightly faster
              Dynamic range More dynamic range
              Screen type Doesn't have an OLED screen
              Touch screen No touch screen
              Olympus PEN E-PM2

              Olympus PEN E-PM2

              Mirrorless interchangeable-lens

              $485 with 14-42mm lens

              Overall image quality Significantly better image quality
              Dynamic range More dynamic range
              Screen type Doesn't have an OLED screen
              3D Doesn't take 3D photos
              Olympus PEN E-P1

              Olympus PEN E-P1

              Mirrorless interchangeable-lens

              $243 body only

              $323 with 14-42mm lens

              Color depth Better color depth
              Overall image quality Better image quality
              Shutter lag Much more shutter lag
              Screen type Doesn't have an OLED screen

              appearance

              Nikon 1 V1 Olympus PEN E-P3
              Nikon 1 V1 Olympus PEN E-P3
              Nikon 1 V1 Olympus PEN E-P3

              discussion

              Nikon 1 V1
              1 V1
              Nikon

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              Olympus PEN E-P3
              PEN E-P3
              Olympus

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