Originally posted by jsherman999 Ricoh is a huge corporation, but up to now has been camera niche. Every press release I've seen suggests that they bought Pentax in an effort to change that.
They see emerging markets, advancing technology in the imaging field, and have envisioned a growth opportunity in the marriage between the two.
They paid $124 million for Pentax - The options available to them from that relatively small investment are many. A complete FF push may cost them $50 million additional including lenses, and may have a 5, 6, 8-year ROI, but then they're in that game, and the Pentax brand - their investment - is enriched, and remains a dependable revenue stream because of this enrichment.
They may need to think about these new money streams for 5, 6, 8 years from now.... Which is exactly what I think they're doing with this and other moves, because the copier business looks like it's going to be much different, maybe much smaller in 10 years.
Or, they may throw away K-mount altogether in the next decade and try to compete in some form of aps-c mirrorless tier, with a new mount. If that happens, I don't see the point of them holding on to the 645D, either.
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Actually Ricoh has a lot of options in developping the market.
- Making a push in Medium Format
* Releasing several bodies (60Mpx, 80Mpx FF)
* improving sensor technologies - how much would cost sourcing a MF CMOS sensor with lire view from Sony
* improving AF coverage, speed and accuracy, processing power of images etc...
IMO Ricoh/Pentax have a possibility to make a complete highjack of the MF market
- Making a push for average "pro" market.
* Many pros (wedding photographers, photojournalists) are using APSC for cost reasons. The K5 basically just miss a "pro" support network (short time to repair, free loaners, ad hoc support center for special events) Ricoh can add value by using their own support infrastructure for business market.
* FF development, the Sony way of doing it by trying to compete with price basically failed. I don't know if Ricoh-Pentax can repeat the strategy that Canon used against Nikon in the 1980s, if they try, that means it will take time and a lot of money. And they will need a strong commitment on long term from Sony at least to source the sensors.
* Lenses, addressing pro market would mean to fill the "holes" in current K-mount offering. Fast wide Primes (20F2-APSC, 24/28F2 FF, 14-24 ish F2.8 zoom) Long lengths 400mmF4, 300F2.8, 200-400mmF4 etc... And some "speciality lenses: T/S, 50mm/F1.2, 85mm/F1.2, 200mm/F2, TC
They don't need to have everything to be a success (Canon didn't have good wides) but in a market in crisis, they will have to be
really convincing.
- Movie cameras: IMO this is the biggest opportunity so far. RED has proven that there is an opportunity for a new comer but have been releasing a bit too much vapowares. Canon has proven that the professional are ready to accept a still camera that also shot movies.
* Using the K-mount to release movies that be a great entry in the broadcast business. They need to beef up the electronics and redesign lens mecanisms and they shall be ok at least for broadcast market. (APSC is about the size of the "classic" 35mm, so the look of video shot on APSC camera shall be just fine)
* Sensor sourcing is even more critical here, and it would depends a lot on Sony who may not be willing to let a newcomer enter the market.
- Developping speciality cameras
There is currently no camera optimised for shooting people (color accuracy) shootng BW, shooting IR, astrophotography etc... all are small niches. But a small engineering to optimise achitecture, bayer matrix, remove IR filter add visible light filter etc, and optimising sensor signal processing can lead to cameras much better than current solutions. And add a lot to the k-system attractivity
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- Developping compact and mirrorless cameras.
This is basically Q-mount, mirrorless APSC, M-mount camera, APSC compact etc... Ricoh has already proven to have a taste for originality in this domain, abeit not very successful. The competition is already there (µ4/3, Sony Next, Fuji, Leica X1, Samsung) or will arrive stronger (Leica upcoming mirrorless interchangeable)
So FF is not the only development plan that Ricoh can pursue and ramping up engineering ressources is not easy and cannot be done efficiently on the next day, even with a lot of money. IMO, we'll see the vision of Hoya-Pentax being released for the next year or so, and see the vision of Ricoh-Pentax unfold only in 2013 where the market will already be significantly different.