Originally posted by Kunzite Are you sure the part of the camera market Pentax and Ricoh are in is in decline because of the smartphones? I'm not.
I am certain that point-and-shoot and compact camera markets are diving ("decline" understates the case) because of smartphones.
We have two twenty-something daughters. Back when they were young, receiving a point-and-shoot (film) camera from Daddy on the Christmas when you were eight was almost part of of the growing-up process.
Now, they use their smartphones. As a part-time college teacher, I see the same devotion to smartphone photography on the part of the slightly-younger group.
I have friends who had a K-1000 thirty years ago, but switched to point-and-shoot when digital cameras came out, and most of them now seem to be using smartphones.
I cannot guarantee that all of this is cutting into Pentax's business, but it is cutting into someone's business, and it is causing a seismic shift in Pentax's environment.