Everybody's favourite financial analyst - Wedbush Morgan's Michael Pachter - is at it again. Despite making his crust talking about video games, he appears to have a low estimation of consumers in that market sector.
Not only are we generally
"clueless" about the recession it now appears that all MMO players have major issues.
Regarding global recession and gaming,
he tells Reuters, " I don't think (MMOs) 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."
So, not only are you and your
Age of Conan-playing pals addicts, but the nature of addiction itself is prone to economic fluctuations. Yes, apparently, an addict is more addicted in times of financial downturn. Superb analysis of gaming and the nature of addiction.
The quote itself comes in a piece regarding Asian online games firms being helped to move west by the global economic apocalypse. One of these is troubled NCSoft, which is bringing the Aion MMO to Europe and the USA "this year after a local launch in November."