North American Video Game Crash Of 1983
The North American video game crash was a massive recession of the video game industry that occurred from 1983 to 1985. Revenues that had peaked at around $3.2 billion in 1983, fell to around $100 million by 1985 (a drop of almost 97 percent). The crash was a serious event that brought an abrupt end to what is considered the second generation of console video gaming in North America. The crash almost destroyed the then-fledgling industry and led to the bankruptcy of several companies producing home computers and video game consoles in North America, including Atari. It lasted about two years, and many business analysts of the time expressed doubts about the long-term viability of video game consoles. The video-game industry was revitalized a few years later, mostly due to the widespread success of the Nintendo Entertainment System (NES), which was released in North America in 1985 and had become extremely popular by 1987.
There were several reasons for the crash, but the main cause was supersaturation of the market with hundreds of mostly low-quality games which resulted in the loss of consumer confidence. The full effects of the industry crash would not be felt until 1985.
Read more about North American Video Game Crash Of 1983: Causes and Factors
Famous quotes containing the words north, american, video, game and/or crash:
“—Here, the flag snaps in the glare and silence
Of the unbroken ice. I stand here,
The dogs bark, my beard is black, and I stare
At the North Pole. . .
And now what? Why, go back.
Turn as I please, my step is to the south.”
—Randall Jarrell (1914–1965)
“[The ladies] must be aware that a great evil cannot for a long time, predominate, without, at least, their connivance. Silence is often as effectual an advocate in a cause as eloquence.”
—“Censor,” U.S. women’s magazine contributor. American Ladies Magazine, pp. 337-340 (August, 1828)
“These people figured video was the Lord’s preferred means of communicating, the screen itself a kind of perpetually burning bush. “He’s in the de-tails,” Sublett had said once. “You gotta watch for Him close.””
—William Gibson (b. 1948)
“A Stander-by is often a better judge of the game than those that play.”
—Samuel Richardson (1689–1761)
“The tree the tempest with a crash of wood
Throws down in front of us is not to bar
Our passage to our journey’s end for good,
But just to ask us who we think we are....”
—Robert Frost (1874–1963)