Again, there is definitively a market for it. But lets say its even more than 24%. Lets say its 35%. Why would you release a product that 65% of the market doesn't yet, or never will want?
Agreed, they should have refreshed the Nexus 5.
the 65% is a saturated market.... lots of competition in that 65%...... the 24 or say 35% is a "Growth" market....
You make your money on the growth market not the stagnate/saturated market..... The original Note was a gamble by Samsung... To go where no other smartphone maker had gone before... Even Samsung admitted they had no clue if it would stick or not..... Now it looks like Google is trying to make sure they don't have that market cornered and then tried to one up them a little.... .25 inch bigger screen in a similar foot print...
We will all find out in about a month if the gamble was a good one for Google or not..... The only way to reverse the trend is to not spend our hard earned money on it and they will scale it back for next year... I look forward to getting one personally.... but if it out sells their internal numbers the odds of seeing a 5 inch device next year might be minimal..
but I do think they are holding back a 5 inch device for the 64 bit Snapdragon 808 and 810 processors due out first quarter of 2015.... I'd put my money on we will see something in February at CTIA that would be a competitor to the Galaxy S6........ My two cents (if it's even worth that much)