People are evidently willing to pay for "convergence". The £1150 which people are willing to pay for the 256GB Iphone X is being paid because most of them don't use anything else for their personal IT (which is why they need 256GB).
If you go somewhere where you expect to take good stills, you might bring your K1. But since it doesn't do decent video (e.g. 1920x1080x60fps and 50-100mbps, with autofocus and exposure) you now have to bring some other movie camera. A smartphone won't do because they have various issues e.g. they over-saturate colours, and generally stabilisation isn't much good. I have a DJI stabilised mount for my S7 which works well (for about 20 minutes and then the battery dies
) but you still don't get anywhere near a DSLR-quality video, and the mount is yet another (very fragile) thing to carry around and keep charged.
And with so much commercial video footage now being done with DSLRs, that's a market which Pentax isn't getting.
Anyway I am sure Pentax is well aware of this, and just doesn't have the R&D resources to redesign the whole thing. They stick to what they are good at.