has anyone considered the margins on a Leica.. film or digital.. I bet they are enormous. Far larger than Nikon or Canon. Part of the luxury business, any luxury business.. be it watches, cars, clothes, etc.. is the mega margins. A Lecia has always been marketed as a luxury item, the rolex (when rolex used to mean something) of cameras.
You're paying for the workmanship/design.. but more so the brand and all the exclusivity that goes along with it. Besides, it's in their best interest to keep costs down, I bet most of the electronics are out-sourced (from China).. I'd wouldn't be suprised if the margins are even higher on the M8, than previous film bodies. There's probably a lot less human involved calibration and fiddling around with tiny mechanical parts, during final assembly.. probably in Germany. Cheaper labor costs + cheap out-sourced electronics + higher retail price = huge margins
one more point.. at least when you bought a mechanical lecia, you knew some highly trained craftsman assemebled and calibrated the amazing little machine... much less the case with the digital M... look at the flip side, the M8 will probably make a boat-load of money for Leica, and hopefully revive the rangefinder business at large.