Copycon said:
SlorgNet said:
China is still two years away. China's GDP hit $3.43 trillion at the end of 2007, according to the China Daily. That means average per capita income is $2,640, or $220 a month. Way too low to support a gaming market where even the cheapest console costs $120 (PS2).
But there's hope for 2010. Here's why: history shows that a game market takes off when per capita income hits $5,000 or so. (This is what happened in Russia.) China's urban regions are 45% of population and have three times the income of the rural regions. Calculate out the numbers using basic algebra, and it turns out China's urban per capita GDP is $3,690, while rural GDP is $1010.
Assuming two more years of 10% growth, and China hits the magic $5,000 market. It will become a huge game market, no question.
India is currently only one-third as wealthy per capita as China, so it's unlikely they'll become a significant game market until 2015 or so. |
Thats PER CAPITA in a country with 1,3 BILLION people. Of course there is a market already. It's enough with 400 million people that can afford a Wii. |
Yups, I wonder if the game market grows over there we will see more Chinese video games publishers and what kind of games will they make.
