By 1983 , the video game bubble created during the golden age had burst and several major companies that produced computers and consoles had gone into bankruptcy . Atari reported a $ 536 million loss in 1983 . Some entertainment experts and investors lost confidence in the medium and believed it was a passing fad . A game often given poster child status to this era , '' E.T. the Extra-Terrestrial '' had such bad sale figures that the remaining unsold cartridges were buried in the deserts of New Mexico
buried in the deserts of New Mexico
Atari video game burial
1980s in video gaming