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. |
Time to wake up, China already has a huge gaming market, not so much for consoles yet, but there's a booming online gaming market there, much bigger than the current US market ( there's 5.5 Million Wow players in Asia, most of them in China, compared to 2.5 millions in the US and the estimate is they pay a monthly fee about half of what US players pay).
Yes maybe the average GDP per capita is much lower than in Western countries, but you forget one thing, even if 10% of the population has a much higher GDP per capita, 10% of China population is 130 Million human beings....
On top of that China's population is much younger than the one of Western countries and the young are concentrated in cities and have in average bigger incomes...
The thing to remember when looking at China though is that yes the population is huge, but a huge percentage of it isn't that rich ( especially the rural folks) but in the end I woudn't be surprised if the current Chinese gaming market wasn't comparable to something like half to 75% of the US gaming market.....
And yes, to answer another post, their interest seem to lie more along those of Koreans than Japanese.
PC rules, and online games and RTS are currently a lot more popular than consoles...