Originally posted by junyo If Pentax's strategy is to force people into high end lenses, then they need to change their mount. Pentax legacy lenses cannibalize sales just as much, if not more so than any theoretical entry level primes. If you are price sensitive, and want a APSC normal prime, a mint FA 35/f2 is a very attractive option compared to the 31/f1.8 Limited. And there's always the Sigma 30/f1.4. Pentax doesn't exist in a vacuum. A Pentax user buying either of those lenses (which is more likely than a price conscious shopper simply accepting that he has to pay a grand for the Limited) makes Pentax nothing. If there were a Pentax option, even a lower markup one, that's profit they're not making now.
You're right. To make money in today's market they have to run away from their legacy. Oly is doing so to a large degree, as is Sony.
Pentax's legacy glass support is a two-edged sword. They have a relatively small market. They compete against third-party suppliers. They make an inexpensive prime at 35 and another at 50 they are also competing against their own primes that are image stabilized from eBay, and are "good enough", even deriable being retro from the analogue era. This forum doesn't help matters by rating legacy glass so high. How can Pentax compete with a $90 A 50/1.7? They can't.
Look at their prime strategy:
Da*55 and DA 35 Macro. Two critical distances on APS-C and they are expensive, well built, with value-added in WR and macro respectively. Every time you buy one of these you are paying for Pentax's in-body IS system. This is the complete opposite of Canikon which foregoes IS/VR for the cheap primes. For Canikon it is old school, and cheap. They are effectively building the A 50/1.7 equivalent for their mount now whereas Pentax aims customers at legacy glass to make up for a lack of market size to keep those factories running.
Now look at the other Pentax primes. The DA 15, 21, 40, and 70. You also pay the in-body IS premium. You are getting fast lenses with exceptionally small, pancake or near profiles. That's a design premium. That's the added value.
Finally, look at the Limiteds: 31, 43, and 77. They are sunk cost designs and materials, that certainly fetch a very high margin for the company after all these years. Who cares if they cross over with the DA series because they serve a different purpose: they keep the FF flame alive, and they are status symbols, the Coach handbags of lenses.
The entire prime line-up is designed to add value where Pentax, because of small market share, cannot add revenues through gross unit sales. If you want inexpensive primes, buy legacy, or switch mounts, likely to a non-IS system. With Pentax, primes are now value-added investments in the system at a considerable cost to the consumer. Pentax is focused on making quality zooms (55-300 for example) that satisfy the majority of the market who do not, and will likely never, buy prime lenses.