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Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
The video game crash of 1983 (known in Japan as the Atari shock) [1] 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.
A major shakeout of the North American video game industry ("the crash of 1983") begins. By 1986, total video games sales will decrease from US$3.2 billion to US$0.1 billion. By 1986, total video games sales will decrease from US$3.2 billion to US$0.1 billion.
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33.9 ...
The video game industry is the tertiary and quaternary sectors of the entertainment ... The 1983 video game crash that affected the North American market did have ...
According to IDC, global mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to $35.6 billion. Home console game spending, meanwhile ...
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The rushed development resulted in lackluster gameplay; the game was critically panned, and is now seen as one of the worst ever made. [12] [13] Atari manufactured 5 million cartridges for the game; [2] however, upon its release in December 1982, only 1.5 million copies were sold, leaving Atari with half of the cartridges. [14]