Sharp posted the biggest surprise at CES 2019 by announcing its new Micro Four Thirds 8K video camera. Details were scarce other than the prototype images, but now Japanese media reports suggest the Sharp 8K camera will be priced at around $ 2,800 to $ 3,700 with a release date set for the summer.

Japanese website Newswitch reported that the Sharp 8K camera will be priced between 300,000 and 400,000 yen, which equates to around $ 2,800 to $ 3,700.

If these reports hold true, the Sharp 8K camera’s price will make it the first camera capable of recording video at this resolution for less than $ 5,000.

Complementing this story, Nikkei also reported that Sharp and Foxconn – which owns a controlling stake in Sharp – were initially looking to invest in RED to develop an 8K video camera. Recent reports suggest that RED is also currently looking to develop an 8K compatible camera.

Not much else is known about the Sharp 8K camera other than that it bears a striking resemblance to the Blackmagic Pocket Cinema Camera 4K.

On the back is a 5-inch touchscreen, which hinges, and Sharp claims its video camera will be capable of recording 8K video at 30 frames per second in the H.265 codec. Additionally, the company says it is developing 60fps recording at a lower resolution.

Other things we know: There will be stabilization on the sensor, although no other sensor information has been provided other than the MFT format.

Via photo rumors