Originally posted by IchabodCrane
According to a recent CNET article, only 0.12% of professional photographers use medium format now. I don't see how any of your listed achievements can be realized considering the market is so microscopic.
Ok, FF is 10%, Pentax can get 10% of that 10% and so have 1% after a few years when all the lenses are here. Now they would only have maybe 0.2% 0.3% total for the first years for their FF.
They would make maybe 500$/unit. Next year profit estimation (bases on 40 millions total market units) is $60 millions. Let say fixed cost is 100 millions, so they need 2 years of that. If they sell less than foreseen, this is a net loss.
Now the MF, they can take half of the market easily (0.06%) and make the market grow. You can imagine to buy a 645Z + lenses system for 10000-20000$, that something many can think of... While going into 30000-100000$ market of other is too expensive to many, so you can expect to get more shooter going for the 645Z, that may give them 0.1% overall market share.
But now they make 5000$ per unit instead of 500$ and tend to sell 5000$ of lenses for the system in the next years with $3000 of profit. This mean 320 millions of profit.
This give us more than 5 time the money with far less risk and secure their market. This also give them the money needed to invest seriously in the other segments.
If they are not sucessfull, they may sell 1/3 of that and make a good 100 million profit. Reduce maybe 50 millions fixed cost and you still make a good 50 million final profit.
Of course the number are made up, but this is just to explain that when you think of things, all play part... Market size is one factor that is heavily compound by the money you can make on each unit, the part of the market you can expect to take and even your capacity to grow the market.
645Z has the capacity to get most of the new MF sales, generate lot of money per sale and also grow the market by targetting a different price segment.