Originally posted by Uluru Pentax is behind many good aspects of the DSLR photography, because it never catered for the professional market. That decision to not cater for professionals, has cost Pentax many lost opportunities, good excuses for prosperity of the brand and development of new technologies
That certainly isn't true of Pentax throughout its history - perhaps since about 1997, and certainly after the MZ-D fiasco (which killed Contax). As will many a market-dominant company, they stuck to the leading M42 mount far too long and allowed everyone else a head start in bayonet mounts. For much of the first 25 years of its modern history I believe Pentax lived off license revenue from its coatings process,
which was licensed by every lens manufacturer save Leica.
And I believe therein lies the gradual erosion of Pentax's innovation and market leadership in cameras. They became cautious and stuck to the technology they knew. They milked their licensed process for marginal revenue. That revenue was redirected into and built the eyeglass division that was spun off and the medical devices divisions that Hoya so prized. In so doing they lost their position in cameras, always hoping to release the "next big thing" that would save the company.
You can read Pentax's place in historical camera market leadership
HERE and of their Milestones releases
HERE.
And I defy you to convince me the LX wasn't a market-leading professional camera system. Even today I can do things with an LX that no mere DSLR can approach.
It is Ricoh, in fact, that is an incrementalist. They improve and improve and improve, never fixing what ain't broke. They are absolutely relentless about marginal competition and gathering large market share in small bits over long periods of time. That is why they express their goal ("There is room for a third camera maker, and it will be Ricoh") as over the intermediate term, which is 5-7 years.
We will need to adjust what we want - because Ricoh isn't going to give us what the old Pentax tried to do. That didn't work so well for Pentax anyway, so I'm willing to sign up just to see what happens.