There was no video game crash in 1977. The first major video game crash occurred in 1983, when a glut of low-quality games and oversaturation of the market led to a decline in sales and the closure of many game companies. The crash was also caused by the introduction of personal computers and the video game industry's failure to adapt to changing consumer preferences and technology. The crash led to a long period of decline for the video game industry, which eventually rebounded in the late 1980s and early 1990s with the release of successful consoles such as the Nintendo Entertainment System.
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