The 1983 Video Game Crash: How It Happened and How Video Games Came Back

The 1983 video game crash stemmed from market oversaturation, poor quality games, and mismanagement, particularly by Atari. As profits plummeted, many companies, including major players like Mattel and Coleco, exited the industry. However, this crash led to improvements in game quality and the eventual rise of Nintendo and Japanese developers, reshaping the gaming landscape.