The effects of the economy on the videogame market

[Oyvoyvoyv]

I don't live in America. I live in Norway, where there has (yet) not been any real effect, and journalists here are morons, so I don't really know how serious it is.

Here's my take on it though.

In a depression, one would need entertainment. People aren't just going to sit around doing nothing. Gaming is (relatively) cheap. Probably cheaper than movies in the long run. The question isn't really that, but whether people understand that or not.

 

In a thread I made (can't find it), I found out that the average Wii owner buys around 4 games a year. The average is a bit higher for X360, and a bit lower for Ps3, but both are pretty close, so it doesn't really matter.

So that's 200 dollars a year in games. Average (the median) Joe probably spends 150 dollars a year.

Is that really going to be something that they can't afford? Nope, I can't believe that.

What I sooner believe, is that people won't buy a new console. The old console is good enough for them. Thus, a worldwide drop would lead to a far longer generation.

This would also mean that the Ps2 will sell software for another 4-5 years.