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Console Timeline:

1975 - Atari Pong goes on the market, becoming the best selling Christmas gift.

1977 - Atari Video Computer System (aka Atari 2600) debuts in October for sale at Sears. Atari becomes the best selling console.

1980 - Intellivison released by Mattel for a price tag of $299.

1982 - ColecoVision debuts in August, selling 500,000 units by Christmas.

1982 - Atari 5200 released in November to compete against Colecovision. Atari VCS is renamed Atari 2600.

1983 - The Commodore 64 debuts in America while Nintendo's Famicom (NES) debuts in Japan.

1983 - Over saturation of video games and competition crash the gaming industry in America, leading to massive layoffs and financial loss.

1985 - Nintendo finally releases NES in America after their plans on licensing with Atari falls through and brings renewed interest in the game market.

1986 - Sega debuts the SMS (Sega Master Systems).

1986 - Atari 7800 tries to unsuccessfully compete and quickly disappears.

1989 - Genesis by Sega challenges NES with its new superior 16-bit System.

1989 - Gameboy, the first handheld by Nintendo, premieres and dominates its competition Atari Lynx in the market.

1991 - Nintendo releases its 16-bit system, the Super NES.

1993 - Atari debuts their 64-bit system, the Jaguar, the first in the market.

1994 - In Japan, Sega releases Sega Saturn and Sony releases the Playstation.

1995 - Nintendo 64 debuts in Japan and the American version comes out a year later.

1998 - Sega debuts the Dreamcast game console in Japan and the American version comes out a year later.

2000 - In the United States, Sony Playstation 2 quickly sells out on the day of its launch!