History of video games market in 1978 with the Odyssey, while toy company Mattel released the Intellivision in 1979, which featured graphics superior to any of its competitors. After both Atari and Fairchild made a strong showing in 1977, the market hit a difficult patch in 1978 when retailers resisted building inventory, believing that the newly emerging electronic handheld market would displace video games. Atari, for example, manufactured 800,000 systems, but proved unable to sell more than 500,000 to retail. This helped precipitate a crisis at the company that saw co-founder and chairman Nolan Bushnell and president Joe Keenan forced out by Atari's parent
David P. Bushnell David P. Bushnell David Pearsall Bushnell (1913 - 2005) was an American entrepreneur who founded the Bushnell optics company in 1948. Bushnell made precision binoculars affordable to middle-class Americans for the first time through a strategy of importing from manufacturers who provided optics to his patented specifications. Bushnell was born in Saint Paul, Minnesota on March 31, 1913 and raised in Los Angeles, California. From 1930 to 1933, he studied engineering at California Institute of Technology, paying for his tuition by selling newspapers. He then dropped out to travel around the world. Bushnell returned after 8 months and attended the