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Submitted by cronaldo7 1900d ago | article

Recession to help online games firms push West

Analysts say online games are not only recession-proof but can even get a boost from an economic slump, because people stay longer at home and have more time on their hands to play.

The so-called "massively multiplayer online role-playing game (MMORPG)" typically takes months of extensive time investment, as a user -- say, a warrior or sorcerer in the fantasy world -- builds skills and takes on adversaries in a series of missions.

Online gamers' profiles are different from buyers of Nintendo's Wii consoles or DS handheld players, which have proved a roaring success with easy-to-play games for a broader population.

"I don't think (online multiplayer games) get impacted at all, because people who play them are addicts," said Michael Pachter, an analyst at Wedbush Morgan. "Losing their jobs makes them more likely to play because they have more time to play."

"These days more people stay late in the evening playing games," said Jung, a manager at a crowded Web cafe in downtown Seoul. "I think they don't have other places to go."

In South Korea, online gaming quickly spread to become a social phenomenon in the early 2000s in the aftermath of the Asian financial crisis, which left many young men unemployed. (Culture, PC)

Credit url: gamepolitics.com
thebudgetgamer  +   1901d ago
wow
its good to see when he is not being wrong in his predictions, he likes to play amateur head shrink. this guy stinks

:)

yea look at his smug face, im serious. shut up stupid
#1 (Edited 1901d ago ) | Agree(0) | Disagree(0) | Report | Reply
Carbide7  +   1901d ago
Yeah, he's addicted to c0ck.
Maddens Raiders  +   1901d ago
Just when I thought -
this guy couldn't get anymore ridiculous he let's loose of more inane gas from his mouth.
Carbide7  +   1901d ago
"I don't think (online multiplayer games) get impacted at all, because people who play them are addicts, Losing their jobs makes them more likely to play because they have more time to play."

Haha, yeah Pachter, 'cause you have the most respectable job right?
And they're not gonna sit and play those games when they lose their freakin' jobs, it's not a joke. Even though I'm still in highschool I know how terrible that is. And Pachter doesn't know sh!t about us gamers, he should STFU.

You're a freakin financial analyst, do your job.
KKanjiAnkh  +   1900d ago
HUH
You need money, to make money.
If people only played On-line the Gaming Community we be where the Dino's sleep now.
1 game,especially On-line games, don't determine jack frost.
Idoits who play one game types in said genre, is actually hurting gaming, cause while you play your one, i'd would had already purchased my next 5.
That's funny, I thought me buying/playing Mario Kart was no different,than, Captain never seen the sun in 2yrs because there's no expansion yet.
I can still play MK Off-line, & enjoy it.

Jung, help them get jobs, creatively is such a waste of talent.
Birdman18  +   1900d ago
screw this guy
i dont know about everyone else, but i'm just tired hearing about this Michael Pachter guy.... who gives a crap what he thinks?!?! and frankly, i am tired of seeing articles on here with this guys statements like he is a gaming prophet... STOP POSTING ARTICLES WITH THIS GUY IN IT

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