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Home video game revenue peaked at around $3.2 billion in 1983, then fell to around $100 million by 1985 (a drop of almost 97 percent). The crash abruptly ended what is retrospectively considered the second generation of console video gaming in North America.
This caused a quick market decline after developers and publishers decided to make up for the loss by raising the cost of the game to $35 (about $100 today) while at the same time worse and worse products were being released quickly finding themselves in the bargain bin.
30 lip 2023 · Let’s take a look at the great video game crash of 1983 and how it almost upended one of the biggest industries in the world. What Was the Video Game Crash of 1983? The most basic explanation is that this was the time when video game sales dropped 97% from $3.2 billion in 1982 to $100 million by 1985.
19 lis 2023 · Sales went from just $75 million in 1977 to over $2 billion by 1982 as hits like Space Invaders and Pitfall drove adoption. Atari held an enormous 80% share of the home console market by 1983. Buoyed by Atari‘s success, competitors flooded the market trying to ride the video game wave.
26 maj 2024 · One of the most significant of these was the 1983 video game crash, a devastating event that nearly wiped out the entire industry in North America. In this article, we will explore the strange and surprising history of the crash, with a special focus on the role of adult video games, and examine its lasting impact on the industry.
19 lut 2024 · The 1983 video games crash was a bubble ready to pop for several reason, but the most important one was the oversaturation of consoles available on the market.
3 sty 2024 · Four decades ago, just when video games seemed to be the next big thing, the bottom dropped out. Compounding problems like market confusion, consumer confidence, and game quality to name just a few, nearly demolished a seemingly unstoppable new industry.
