Originally posted by JonPB What if manufacturing capacity is the limiting factor here? Not whether Pentax wants to release a third camera line, but whether it even can. Pentax has almost always staggered their camera releases, and seems to routinely have lots of back-stock of older items. This suggests to me that Pentax has a single manufacturing line which produces a large number of cameras in a run--then shuts down and starts making another camera.
Which tells me that Pentax manufactured the K-7 from May until September of this year. Now the line is set up for K-x production, as it will continue to be as long as they're producing custom-colored cameras. For Pentax to release another camera, they'd have to shut down K-x production. In which case, I'd say to watch for a new camera release no sooner than few weeks after Pentax stops offering custom K-x colors.
What you say makes a lot of sense, especially about overstock and production lines. It also explains a bit about the green line in the K-7 (go to pro, but it's hard to tweak after pro, so it's a sw fix).
The K200D is interesting because it partly looks like an attempt by Pentax to have a lower price point body that would match the DA* lenses. Now they're abandoning that route (the Subaru route) for the lower-end eye-candy, compact crowd. This is probably better with all the attention M4/3 is receiving.
I suspect that the K-x custom colour polycarb bodies are outsourced, however, and it's more of an assembly system. They can be formed and extruded in minutes with a web order now. They can probably alter production runs with fairly sharp turnaround notice and no re-tooling.
For Pentax, the issue with only 2 bodies and a price-straddling situation, their high-end body has to be profitable and sell well, so volume is at the mercy of competitor quid pro quo release dates and prices, but their low-end has to be near-perfect in its segment. If it is not, it is too expensive for entry-level, and too feature poor or compromised for a mid-range bargain. Yo have t entice the true new entrant to the market to buy a little bit; and conversely, present a feature-rich bargain to the guy who originally sees the competitor and feels sticker shock.
As the higher end of the competitor drops in price, the Pentax has to drop both models further, faster, and reap the poor reward of lower comparative margins. What they gain up front in capital outlay with only 2 models and terrific starting price points, they pay dearly for after the mid-point of the product cycle. About the only example on the chart you show is the K10D. APS and 4/3 is really a 3 model industry, and Pentax is the only 2-horse chariot in the colosseum. That said, they've got 4% market share with only 2 horses. How many does Oly have and only a fraction more market share. Pentax may not have their marketing and focus (ha ha) clarified, but they're making a lot with less.