This is how the Nikon 1 V2 specifications compare to the old V1 model:
| Nikon 1 V2 | Nikon 1 V1 | |
| Lens Mount | Nikon 1 mount | Nikon 1 mount | 
| Effective Pixels | 14.2million | 10.1million | 
| Sensor Size | 13.2mmx8.8mm | 13.2mmx8.8mm | 
| Image Sensor Format | CX | CX | 
| File Format | Compressed 12-bit NEF (RAW) JPEG: JPEG-Baseline compliant with fine (approx 1:4), normal (approx 1:8), or basic (approx 1:16) compression NEF (RAW) + JPEG: Single photograph recorded in both NEF (RAW) and JPEG formats | Compressed 12-bit NEF (RAW) JPEG: JPEG-Baseline compliant with fine (approx 1:4), normal (approx 1:8), or basic (approx 1:16) compression NEF (RAW) + JPEG: Single photograph recorded in both NEF (RAW) and JPEG formats | 
| Picture Control | Standard Neutral Vivid Monochrome Portrait Landscape Selected Picture Control can be modified User-customizable Settings | Standard Neutral Vivid Monochrome Portrait Landscape Selected Picture Control can be modified User-customizable Settings | 
| Storage Media | SD SDHC SDXC | SD SDHC SDXC | 
| Card Slot | 1 Secure Digital (SD) | 1 Secure Digital (SD) | 
| Viewfinder Frame Coverage | 100% Approx. | 100% Approx. | 
| Eye Sensor | Camera switches to viewfinder display when it detects that viewfinder is in use | Camera switches to viewfinder display when it detects that viewfinder is in use | 
| Top Continuous Shooting Speed at full resolution | 5frames per second10, 15, 30 or 60 fps using Electronic (Hi) shutter | 5frames per second10, 30 or 60 fps using Electronic (Hi) shutter | 
| ISO Sensitivity | 160-6400 | 100-3200 6400 | 
| Focus Modes | Auto (AF) Auto AF-S/AF-C selection (AF-A) Single-servo AF (AF-S) Continuous-servo (AF-C) Full-time Servo (AF-F) Manual Focus (MF) | Auto (AF) Auto AF-S/AF-C selection (AF-A) Single-servo AF (AF-S) Continuous-servo (AF-C) Full-time Servo (AF-F) Manual Focus (MF) | 
| Flash Compensation | -3 to +1 EV in increments of 1/3 EV | -3 to +1 EV in increments of 1/3 EV | 
| Nikon Creative Lighting System (CLS) | i-TTL flash control using image sensor available with optional SB-N5 flash unit or SB-N7 flash unit | i-TTL flash control using image sensor available with optional SB-N5 flash unit | 
| White Balance | Auto Incandescent Fluorescent Direct Sunlight Flash Cloudy Shade Preset Manual All except preset manual with fine tuning | Auto Incandescent Fluorescent Direct Sunlight Flash Cloudy Shade Preset Manual All except preset manual with fine tuning | 
| Movie | HD: 1920 X 1080/60i HD: 1920 X 1080/30p HD: 1280 x 720/60p Slow-motion: 640×240/400fps Slow-motion: 320×120/1200fps Motion Snapshot: 1920×1080/60p (plays at 24p) Audio file format: ACC Movie file format: MOV | HD: 1920 X 1080/60i HD: 1920 X 1080/30p HD: 1280 x 720/60p Slow-motion: 640×240/400fps Slow-motion: 320×120/1200fps Motion Snapshot: 1920×1080/60p (plays at 24p) Audio file format: ACC Movie file format: MOV | 
| Monitor Size | 3.0in. diagonal | 3.0in. diagonal | 
| Monitor Resolution | 921,000Dots | 921,000Dots | 
| Monitor Type | TFT-LCD with brightness adjustment | TFT-LCD with brightness adjustment | 
| GPS | OptionalGP-N100 GPS unit | OptionalGP-N100 GPS unit | 
| Battery / Batteries | EN-EL21 Lithium-ion Battery | EN-EL15 Lithium-ion Battery | 
| Battery Life (shots per charge) | 310shots (CIPA) | 350shots (CIPA) | 
| AC Adapter | EH-5b AC Adapter Requires EP-5D Power Supply Connector | EH-5b AC Adapter Requires EP-5B Power Supply Connector | 
| Approx. Dimensions | Width4.2in.(107.8mm) Height3.2in.(81.6mm) Depth1.8in.(45.9mm) Excluding projections. | Width4.4in.(113mm) Height3.0in.(76mm) Depth1.7in.(43.5mm) Including projections. | 
| Approx. Weight | 9.8oz. (278g) camera body only | 10.4oz. (294g) camera body only | 
| Price | $899.95 (10-30mm lens kit) | $489 (10-30mm lens kit) |