The PS2 is the best selling game system of all time, topping 150 million units, and is still in the top 5 every month for console sales. It has the right combination for anyone to have a reason to get it:
-Relatively cheap price ($129.99 new last time I checked)
-Cheap games (Most are $19.99 Greatest Hits)
-Continues to be supported (new games coming out)
-Very reliable
For the price of buying a Nintendo DS, you can get yourself an actual console and play decent console games for under the price of the 360 and Wii. All these points above are what draws people of all incomes and age groups to continue to purchase it.
Piotr621 said:
Yes I forgot to consider the PS3 itself. I myself don't own a next-gen console (though I have played a lot on them) but I agree, the PS3 was a failure. So much potential was completely wasted on it.
Not a failure, the PS2 was very pricey when it first came out, and it didn't do substantially well at first, but there wasn't the XBOX out to compete with it, and the GC was a flop right away. In terms of economics, when technology increases meaning a decrease in inputs of making the machine, the supply for the good will increase, meaning a decrease in price and increase in supply, meaning a happier you. It just takes time.