Originally posted by Pål Jensen You forget that the market is five times larger now than it was back when Pentax had 15~20% marketshare.
All Pentax need for FF is it to be profitable. Nothing more. The day Pentax find economic sense in releasing an FF camera they will. It is really that simple. The Pentax K-mount is an FF system so an FF camera will come one day.....
No, I am not forgetting that. It's largely relative, as are the advancements in technology amortized over the base of users. It's far easier to source materials and supply. Look at how mercenary Pentax is with chip suppliers.
All this means is that the price/ROI competition is more fierce. Worse, it's a fractured market. Back in the day, almost everything was 35mm, including pocket cams. I shot Rollei for a decade. Now there are multiple sensor sizes and suppliers. 35mm FF is niche, so by definition, it's fighting for a niche market. Can Pentax alone grow a niche market? Better to see what the big guys do and how their margins fare. Cameras have always been price sensitive, losing money on the high-end, but making up the difference on volume and lens margins.
Right now Pentax struggles to lay out more than 2 DSLR's, missing critical price points, and their P&S line is not well thought of (and that's necessary gross revenues). Lots of work to do before FF. An FF setup would cost enormous capital and long-term supply contracts. To do that, they need a defined size of market. There's huge risk to profits and company viability if they get it wrong. This is not a good time to be a Japanese manufacturer (high Yen, loss of carry trade, getting priced out). Ask Sony.