What are the most important lessons learned from Atari’s rise and fall in the gaming market?

[killamch89]

Atari was once the titan of the gaming industry, but its rapid rise was followed by an equally dramatic fall. What lessons can we learn from its story? Was it mismanagement, the oversaturation of the market, or failure to innovate that led to its decline? How did Atari's mistakes shape the gaming industry today, and what should modern companies keep in mind to avoid a similar fate?