Not off hand but I recall reading it in the past.Not that it changes your point very much, but do you have some numbers to back that statement up? It doesn’t track in my mind.
It wouldn't surprise me to be honest as Seiko has a worldwide market even in third world countries and when you just think of the amount of Seiko 5's....
I actually don't bemoan it.You bemoan the move downmarket in the early 80s, but I think there were some outside (global) extenuating circumstances (like a too strong yen) that hurt Seiko’s ability to keep making the level of quality they were capable of, to have a place in the global market they had firmly established themselves in. That is how I’ve come to peace with their shift in focus around that time.
I'm not interested in hybrid technology like spring drive and for the price of a modern GS there are so many other options.
I like Seiko to produce good quality inexpensive watches like they always have although they don't really have a monopoly on that market nowadays as they did in the past.