It looks a lot like the Theta V, but is more robust and has bigger goals. It also contains a small OLED display that brings the battery, connectivity and other information to life. In fact, it looks a lot like Insta360's ONE X camera and could be a way for Ricoh to compete with this model with something a bit more upscale.
The Theta Z1 automatically assembles images like the Theta V, but increases the stakes in terms of image quality. To get the most out of shooting in RAW format, a new plug-in allows you to assemble RAW images in Lightroom. It also contains new algorithms that are supposed to improve noise reduction and low-light performance. The 360-degree video, also automatic, can be recorded in 4K at 30fps with 360-degree spatial audio.
Ricoh hardly faces the Insta360 ONE X, which can shoot in 4K at 50 fps, with a smaller sensor and a fixed f / 2.0 aperture. The $ 399 ONE X is also a lot cheaper and pretty cool: it lets you wear an optional selfie and then automatically remove it from the video. You can do this with Ricoh Theta models too, but it's not so easy.
For professional or semi-professional shooters, the multiple f / stops and a large sensor of the Theta Z1 could make it a useful tool to accompany the photo shoot. In this way, you can give a customer a 360-degree video of your photo or video, and assign that privilege to them. Ricoh's Theta Z1 will go on sale next month for $ 999.