Originally posted by Rondec
The fact that Pentax was able to sell some of these cameras when the price dropped to 800-ish dollars says that it was actually a failure. If they could have sold it at 1000-ish, they might have decided to try a follow up in that line, but it is clear that Pentaxians will not pay a premium for the features that the K-P offered.
PPG; Flickr
I don't agree. The KP's price came down, as have all models compared to the intro price. Its intro price of $1,100 USD was not especially high, and taking into account the reduction of the dollar value. The K-3 came in at $1,300 USD back in 2013. The K-3 II came in a bit less, but then it was basically the same camera with a few upgrades, and the disappearance of the built-in flash, to the dissatisfaction of many. Prices soon settled quite a bit.
The fact of the KP's popularity is reflected in its being the ONLY Pentax model to increase in price after designated as discontinued!! In all other cases, the prices of left over stock of discontinued models went even lower to clear the shelves for the new incoming model. Even then, the left over new KP stock soon sold off the shelves in record time. I have never seen such as this before.
This says, if the price had been RAISED to $1,000, the KP would still have sold well, and would be perfectly placed as the quality mid-priced more compact model. But, as others have said, its presence was seen as taking away from sales of the new K-3 III. I say, not very much. The K-3 III was not, and cannot be the replacement for the KP, just as the KP was not and could not be the replacement for the K-3 II. Two different concepts. Many K-3 II owners passed on the KP, as they wanted an updated K-3 II style of camera, with attending features. I do understand this. After much R&D time, they finally got their wish in the K-3 III with its BSI sensor combined with accelerator, easily the best-performing version of this style, ever bearing the Pentax name. At the same time, there are many out there looking for a used KP body in top condition. Others instead may be turning an eye towards new high-end APS-C mirrorless offerings. These models' main claim to fame is for high-end excellence in a more compact camera body- like the KP, the only DSLR alternative