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Yes for example the video game crash of 1983 that saw video game sales drop by about 97% in 2 years because the market got flooded with crap.
Atari even tried to make an E.T game that was supposed to be a console seller but was programmed in 6 weeks and was hot garbage.
And we’re looking at a similar collapse for at least AAA vendors because they’re flooding the market with half-baked crap.