Originally posted by monochrome
This is what I think.
.. Their priority right now is the 645D 2014. Until the 645D 2014 is in stores there won't be any talk of a FF....
Sorry Mono, I'm not buying your endless excuses of their conduct. I indeed think you are going too far. There is absolutely no reason for them to launch
a second 645D camera before the
first FF camera
if things were as we think they are.
But let's talk more freely about it, without defending their each action, can we? So far we have been discussing the overall FF market performance.
FF — not an option .. yet?
The FF share is less than 10% of the market. Still in single digits, albeit close to 10%. From that perspective any new FF right now may seem as an unnecessary product. They say so too. And I agree with that part of the story to some extent.
However, what about the FF as a strategic asset? Something that says Pentax can indeed do one, and be ready for its users. That one is harder to analyse in terms of direct gain or loss.
Are users screaming for FF because of the sensor? Not quite, I think: they want it for their 135 format lenses. And on that part we have been deceived by Ricoh Imaging slightly.
The case of 20 million lenses
Because if we analyse this latter perspective, we can notice the incongruence in official statements as well. One of them is load boasting that Pentax has produced 20 million lenses or more. Fantastic, a widespread, popular mount, right?
Yet perhaps 1/5 of those lenses are for the cropped sensors of current cameras (a wild guess, but the number is less than 25% anyway; Pentax has passed 10 million well before and 15 million lenses just before entering the digital era). So about which 20 million lenses they indeed are talking about, and for what purpose, if not a single one out of 75% of them can be used in its native format?
Old 135 lenses are not good enough?
The legacy is then a perfect ground to boast about, yet, the next minute totally irrelevant because there is not a single digital camera from Pentax that can utilise more than 75% of those lenses natively in their 135 format. But that doesn't matter because the FF market is less than 10%, right?
I think we have been deliberately confused. For example, Ricoh Imaging can argue that those lenses are old with each day passing, suboptimal to be used on modern digital cameras. However, are not old 645 lenses suboptimal to be used on modern 645D? Now all of a sudden all 645 lenses are 'just fine' and can be used to great artistic expression, but 135 format lenses are not?
But everything else is good enough?
But shall we dismiss the fact that every Pentax camera's performance was indeed suboptimal in some major regards compared to best in their class only up to a few months ago? They finally caught up with some of it, and only in one camera, though.
Many valid questions arise:
- How 75% of their own lenses compares to 9% of the FF market? Is not an FF justified just for the sake of 75% of its own legacy?
- If not, how all the 645 lenses are then sufficient to launch a brand new 645D system, now with two cameras, and not a single 135 lens is sufficient to launch a single FF camera?
- Some reason the FF will be expensive because of the lack of scale of production. All right, but is not a 645D even more so expensive?
- Aren't we in fact being mocked around all this time with irrelevant excuses, and that something else may be the case — something a bit unpleasant?
Say, that FF camera from Pentax will possibly bring a decrease in new lens sales, as sales of millions of legacy lenses will bloom in used equipment markets? In other words, and to rephrase official's talk, the sales of the new lenses in the current mount will be spoiled and they want to avoid it.
When you exclude the impossible ...
.. then whatever remains, however improbable, holds some truth.
The FF camera is a threat to its own mount. Legacy is a burden. The APS-C camera is not a threat, as users know legacy lenses cannot be used natively, and then resort to
buying new lenses for the cropped sensor. FF market share is a handy excuse, and lens performance on modern digital sensors just another one.
Thus by limiting user's choices by design, and resorting to deliberate wait, they drive the sales of new lenses at the expense of their own legacy but which they use as a free marketing tool only to abandon it.
The economy and idiosyncrasy of the 645D system allows them to sell cameras alone and just a few new lenses and still earn money, for through them they get projects above the end user game that are 100x more lucrative and less risky.
The economy of the FF camera sales does not allow for such projects nor sufficient sales of cameras alone and margins are not high enough. They must sell lenses as well to support the FF, but because there is so many legacy lenses available (thanks to unchanged K-mount), the FF camera will not bring enough of new lens sales. If spec’d similarly, and priced affordable, the FF may even threat the APS-C camera sales as such, because cameras like K-3 are a major driving force to sell the new digital lenses and new lens designs.
Thus the FF is stalled ad infinitum, or, as long as the outcome of weighing the risk of legacy is not a big threat to sales of new lenses.