The video game crash of 1983 (oct 4, 1983 – jan 1, 0)
Description:
Due to various factors, including market over-saturation, decline in quality, and competition of the home computer, things were in a huge downward spiral for video games. Within a span of a year during this crash, the market value of the video game industry plummeted from multiple billions to 100 million US$.Added to timeline:
Date:
oct 4, 1983
jan 1, 0
~ 15 months