Originally posted by northcoastgreg Prices on sensors have gone down in the last 15 years, even while the quality has risen dramatically. Lenses have improved as well, but prices have gone up, particularly on high-end zoom lenses. Just compare the prices on the previous Canon 24-70 and 70-200 f2.8 lenses and their second versions. The new Canon 24-70 f4 is $1,500. That's $350 more than the 24-105 f4. If Canon decides to upgrade that 24-105 (quite popular among local FF shooters where I live), how much will it cost?
We could find similar trends with Nikon, Sigma, even Tamron prosumer/professional glass. In the context of the economic decline of the west, these price trends will ensure that FF remains both expensive and a luxury item confined to professionals and deep pocket amateurs.
In the case of sensors and camera bodies you have an economies of scale that is many, many times greater than with lenses. Technologies that are first used in other industries and for other electronic devices (memory and processors) will also be used in the next camera. To use Foveon and Sigma as an example, Sigma can't take advantage of the economies of scale with its Foveon sensor, but it can with its lens designs because they can make them for multiple mounts. In Sigma's case the bodies are much more expensive than the lenses.
The technology that goes into DSLR glass really has limited application in the consumer market, but the technology that goes into sensors is shared across millions of phones and recording devices. Moore'w Law doesn't apply to optics to my knowledge. Glass doesn't double in quality every 10 years. It becomes a lot more challenging to make lenses of a high enough quality.
There is also the question of market life. What is your expectations for the life of the glass that you by relative to the camera body? Do you upgrade all of your lenses every time you buy a new body? How much do manufacturers subsidize the cost of the body with lens sales? Canon is probably losing money on the 6D at $1,300, but it knows that most of those move-up APS-C users are going to be needing new glass.