The massively multiplayer online games (MMOG) business is a lucrative one, as consumers typically first pay for the game, then are charged a monthly fee of $10-$15 to keep playing it. At least that’s the case for huge productions like industry leader World of Warcraft, and despite what some people say, it’s a model that still works.

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Steve Jobs, as he was launching the latest version of Apple’s iPod, declared war on game console makers Sony and Nintendo. “It’s the best portable device for playing games,” Jobs said of the new iPod touch. Using the touch and the iPhone, Apple hopes to do battle with the Nintendo DS and PSP. But it’s a battle they will likely lose, for two reasons: One, the hardware isn’t optimized for gaming, no matter what Jobs says; and two, Apple lacks any killer apps when it comes to games. Continue »