What's Nikon going to do? They're kind of at the mercy of Sony image sensors. The Z9 will be entering year four of its existence.
Nikon is in a really solid position. The A1 and Z9 have very similar sensor readout speeds but the Z9 can do 8k60 N-Raw and internal 12 bit which the A1II can't while the A1II has 5 more MP's.
Now I get it that Sony only manufactures the sensors and they're actually designed by Nikon but Sony really screwed up on this one. They essentially make a comparable sensor for Nikon realeased a year after the original A1 and then reused the old A1 sensor so now Nikon's OLD camera sensor is on par with Sony's NEW camera sensor. If you do a decent amount of video the Nikon is the better choise.
Meanwhile Nikon dropped that same sensor in a cheaper body and is selling it for $3500 on sale. Sure they had some bumps when they first realeased the Z9 but unilike Sony they fixed those issue quickly with firmware updates. THIS to me is Sony's biggest problem. It's not that the A1II is a weak camera, its that they don't have "baby flagship" like Canon and Nikon do with the Z8/R5mii. If you want a hybrid camera you're stuck between the $2100 A7IV and the $6500 A1II. The A7RV dollar wise is the competitor but it is essenailly a portriat/landscape only camera with 61MP and a terribly slow sensor.
Nikon could essentially update it's autofocus and rerelease the Z9 and it would be arguably better than the A1II and still sell it for less money.
And none of that touches on the RED acquisition. Sony has figured out how to sell a global shutter but not without a hit to dynamic range. RED has better global shutter sensors which means now Nikon has better global shutter sensors. One of their first big moves after acquiring RED was dropping the price of the Komodo X from $10k to $7k. At some point I would assume they would start to move a lot of the tech of their "Cinema" line over to camera line where they can sell at scale.
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