It has become a market that has dwindled to almost non-existence since phones got better.
There's not much a modern phone can't do that a PAS compact camera can. Maybe optical zoom - but even that isn't a given. Some Samsung phones do have optical zooms on them for instance.
Over the years, I've had several. The best of the bunch was a Pentax Optio 550. Which cost £550 in 2003. I didn't realise it at the time, but it took RAW shots and could be used at f/2.8. I very much lamented the fact that it just wore out. The screws fell out and by the end, it was held together with duct tape. I loved the way it seemed to handle (good) light. But it was dreadful in underlit scenes and the videos it took were woeful. The biggest regret was that I never used any PP or shot in RAW as I didn't understand any of that at the time. But the biggest crime was that, as I didn't own a PC in the house to begin with, I pulled all the pictures off on my work PC and reduced the quality so that I could store the pics on a floppy disc.
It would fit in a jacket pocket, but it was just a little too big for jeans pockets, so I tried various replacements so that I could finally get rid of it. But was disappointed with all of them. Including (at least) three Panasonic Lumix TZ-somethings.
The final nail in the coffin for the Pentax was when my daughter manged to drop that on holiday. Then about two days later, dropped the first of the Panasonics. Neither was economical to repair.
After that, I bought one of the Lumix DMC waterproof jobs because of its drop protection. Pretty sure she ruined that as well by taking it into the pool without securing the flap that keeps it waterproof. Because that just stopped working one weekend.
Currently have a Fuji XP140 as a replacement for that. This gets taken on hikes, it's been canoeing, bike riding and to the beach. And been dropped a few times. But I wouldn't recommend it for IQ. It sort of smooths over the image. Doesn't bear pixel peeping at all.
I also still have a Panasonic TZ-something. Can't even remember what it is as I use it so infrequently.
I am currently toying with the idea of a Sony RX100. Probably the MKiii as that has the f/2.8 lens. But I know that's over the £100 mark by some considerable distance.
I'm still surprised by how many people rate the Panasoncs. I bought them all because the reviews have alwasy been positive. But I always felt that none of them produced as nice looking images as that Pentax. IQ was (sometimes) better, but there was something that I loved about the 550. Often thought about buying a SH one as the last time I saw one on eBay it was at £12.