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Long live the Playstation 2

Plus: Ten brand-new PS2 games for 2009

It may be nearly a decade old, but the Playstation 2 is still going strong. We look at why Sony's gaming console hasn't been eclipsed by its younger brother, the PS3.

The long price of victory

PS2 longevity comes at a price, however. "The continued success of console shows that consumers haven't fully adopted next generation," said video game analyst Michael Pachter. Indeed, only 40 percent of PS2 owners have bought either a PS3 or 360, according to Sony - a slothful two to three years after theatter two systems launched.

A lot of that has to do with the unprecedented sales of Nintendo's Wii, but Koller maintained it's more an issue of educating consumers on PS3's value than any indifference to current technology or sensitivity to the system's £299 price.

Several companies have taken to cross-developing between the PS2 and Wii, thanks to the systems' relatively simple design and interface, not to mention its high consumer-installation figures.

Whatever the reason, devout PS2 owners are still feeling the love with a steady stream of new games, thanks to the system's record-smashing life-to-date sales. "There are only a few other types of products that have those numbers, so it calls for some celebration," said Koller.

Pachter predicts the party will continue. "There are still a ton of households that don't own a console, and as we see migration to the lower price points, said homes and lower income individuals will buy PS2s along with catalog titles. With a library that big, there's something 'new' for everyone."

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NEXT PAGE: Forthcoming titles

  1. Why the console hasn't been eclipsed by the PS3
  2. The long price of victory
  3. Forthcoming titles

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