In the US it saved the industry. Outside of the US computer games and mini computers were selling fine, and gaming was going through its own golden age (especially in the UK). Hell, even Japan offered more competition for the Famicom than the US did for the NES.
America is not the only place in the world, and the video game crash was not a worldwide phenomena.
America is not the only place in the world, and the video game crash was not a worldwide phenomena.