Not OP but: AFAIK, in the 80s the "Atari crash" was mostly due to lots of buggy games flooding the market, a perception of video games as being a fad that was over, since home computers were starting to show up. The excess of money from VCs created teams churning low quality games and helped fuel that perception.

Today, bugs and QA issues are sort of "fixable" by online patches. And as for the perception of it being a fad, I think Nintendo showed the market a few years later in 1985 that there was still room for consoles.

EDIT: I remember a few years ago we were talking about the "indiepocalypse", but that didn't really seem to have nowhere near the same impact.