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- The video game crash of 1983 (known in Japan as the Atari shock) was a large-scale recession in the video game industry that occurred from 1983 to 1985 in the United States. The crash was attributed to several factors, including market saturation in the number of video game consoles and available games, many of which were of poor quality.
en.wikipedia.org/wiki/Video_game_crash_of_1983
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Mar 8, 2020 · How did this disaster happen? How much of it was the fault of the universally reviled E.T. video game adaptation? Read on to learn exactly what happened, a story of innovative game development drowned in a tidal wave of wretched third-party titles and half-baked marketing schemes. Related: Atari is Now Building Video Game-Themed Hotels in the ...
The 1983 crash had rippling effects across the video game industry. The crash in 1983 had the largest impact in the United States. It rippled through all sectors of the global video game market worldwide, though sales of video games still remained strong in Japan, Europe, and Canada from the beleaguered American companies. [56]
Nov 19, 2023 · By the end of 1983, the booming video game market completely imploded: Overall industry revenues plunged a staggering 97% between 1983 and 1985, from $3.2 billion to just $100 million. Hundreds of manufacturers and developers declared bankruptcy, including Atari, which posted a $500 million loss.
Jul 30, 2023 · Eventually, the video game market was bound to hit a breaking point, and that’s exactly what happened in 1983. Almost overnight, the industry was decimated, leading to the bankruptcy of many video game console manufacturers and unsold games destined for landfills in the desert.
May 26, 2024 · One of the primary factors behind the 1983 crash was the oversaturation of the video game market. By 1983, there were dozens of home consoles available, each with its own library of games.
Sep 21, 2011 · The Crash led retailers to slash game systems and games to bottom dollar, which suddenly made video games affordable even for cash-strapped families.
Jun 29, 2022 · The video game crash of 1983 is a cautionary tale of overreach, lazy ambition, and the assumption that a new form of entertainment could take off without any bumps in the road. The crash of 1983 was a pivotal moment that completely changed the course of the North American home console industry.
