Originally posted by lesmore49 So my question for you...looking in your Chrystal ball....how do you see Pentax doing, in the North American market ...within the next 3-5 years ?
Les,
My guesses are ridiculous, really, as no one can predict the future.
What’s especially challenging is forcing myself to not apply my learned business and marketing meta-strategies. This is because to me Ricoh is continuing to run Pentax in a strange, unorthodox way that pre-dates the last ownership change. In my mind Pentax is firmly transforming into a cult brand in North America: still positive reputation but it’s based on a certain haziness. The products are rarely seen, and not obtainable at most retail outlets. The lack of advertising feeds this some as well.
Since Ricoh paid so little, relatively, for the brand and whatever assets, they are liberated to act drastically if necessary—as not much is at risk. So it wouldn’t surprise me if they focused almost entirely on the higher margin 645 digital market. That can have a closer affinity to and integration with Ricoh’s existing records management competency (archival management would be the sell).
Since the photography business is in the midst of significant changes, we are still awaiting another round of brand reconciliation or reduction. To me that could mean Ricoh selling off the whole APS-C biz and maybe the Q lines to another ailing entity like Olympus, which itself in turn could be swallowed by Sony.
The significant price reductions in the K-3 line, combined with relatively little new product that’s notable, makes me think that retail sales of Pentax APS-C products are flat at best. And there are fewer product-based benefits that distinguish the Pentax line from anyone else with each passing month. For example, small form factors perceptions now belong to the whole mirrorless segment, while the new standard for performance and weather resistance is already the Canon 7D MK2. This is not to say Pentax products are second rate, though the marketing of them is less than that.
I think it would be silly for Ricoh to enter the FF arena (though it would be fun, and it would put an end to all the FF soul numbing threads here), and I think the window of frontier-type opportunity in the mirrorless market may be closing on them—especially if Canon and Nikon enter with more commitment.
So, Les, to answer your question, I think Pentax as a very high end brand will be lookin’ pretty good, but few of us will have a need for one of their products.
M