Not me, if I didn't have plenty of apsc sensor cameras, I would pay more for apsc than FF because I have no desire for a FF. If I were to change formats it would be smaller sensor, not larger than apsc. But know that most here think that's crazy, but not for me.
You are the exception to the rule. The point I was making referred to the buying public as a whole. You are no more than a minute blip when it comes to total sales. APS-C is in a bit of no man's land. It lacks the IQ potential of FF while being less portable than M43. When I upgraded to FF I gained a,
for me, significant improvement in IQ in a form factor not much larger and heavier than APS-C. So,
for me, it made no sense so I sold the camera.
I didn’t mind the added weight of the FF camera, but the lenses!! Yikes!
I love the shallow DoF I can get with a FF camera, though. And it’s better in low light. Still, Tom, APS-C outsells FF several times over.
Even if that's still true, what also matters is how bigger a profit a manufacturer makes by selling 1 FF camera vs selling 1 APS camera. The difference may very well compensate for the smaller number of sales.
Also consider that:
- buyers of FF bodies are probably more inclined to buy additional lenses
- buyers of expensive bodies are probably "stickier", meaning less inclined to fall "prey" of the smartphone temptation
- manufacturers are limited in how much they can build and distribute due to current supply chain issues, therefore they will prioritize building what brings in the highest profit
So I believe right now manufacturers are chasing the FF crowd more than other types of clients. This may very well change when the pandemic-induced supply chain issues will abate, I do not have any credible prediction data in that sense. But chasing the upper end of the market is a well-known dynamic in shrinking markets (see hi-fi sound equipment and others).
They have always chased the FF crowd, but mainly in the West. They know who is most likely to buy $10,000 worth of lenses, and it isn't the bargain hunters.
APSC, and Canon M in particular, were much more popular in Asia - incomes are on average quite a bit lower, and hands are on average quite a bit smaller ;-)
But when a millennial with a moderate income and many expenses is looking for their first camera, perhaps because they are expecting a baby or planning a trip somewhere exotic, they are likely to have a much tighter budget, certainly no more than $1000.
Top of the range FF has also traditionally been used as the testbed for new technology, 3 layer BSI, DCG sensors, etc... and have to carry the cost of that development. This is partly why they are so expensive.
When the bugs are worked out, that cost is recouped by using the same tech in cheaper FF cameras, and lower-resolution APSC and MFT cameras. It's quite a long term process, and chip shortages/Covid have thrown a spanner in the gearbox, so current activity, sales numbers, factory closures, etc. are a red herring.
I expect APSC sales to bounce back big-time when Covid is over and people start travelling and socialising again. It has had a much bigger impact on the leisure consumer market than the professional market.
As for the Hi-fi market, there is still a big price gap between top and bottom, and it's still possible to buy a complete HiFi for an inflation adjusted price not far off an equivalent system from the 1980s.
What disappeared were the ghetto blasters and walkmans, portable cassette players, and all-in-one entertainment systems. All were replaced by smartphones.
The same is true in the camera market. APS-C/MFT does not represent the bargain basement of the camera market. Both are significantly more capable than any phone, and only marginally less so than FF. For video, perhaps equal.
They are equivalent to second tier hi-fi - the complete $1,000 Denon system with a decent pair of Fyne Audio F302s.