SNK leaves the videogame industry
It was announced today that SNK of Japan would officially be closing its doors to the public and has left the videogame industry. The corporation began its operations in 1978 and is noted for creating the NeoGeo Pocket and NeoGeo Pocket Color, both handheld systems, and the NeoGeo64. Unfortunately, these systems did not fair well with the public and lost mainstream appeal soon after its release. However, what SNK is best known for is their creation of the NeoGeo arcade game platform. This system allowed arcade owners to simply switch cartridges between arcade stations in their stores, instead of having to switch an entire board. Using this knowledge and support, SNK decided to bring a similar cartridge system to the home console, along with a CD-based system, the NeoCD. The problem, sadly, was that the NeoGeoís cartridges were insanely overpriced and the NeoCD was not widely supported by both retailers and developers. Due to these shortcomings, SNK of Japan was forced to file bankruptcy last year, and the situation was finalized one week ago.
At any rate, SNK was a legacy in the arcade industry and will always be truly remembered. Although never being successful in the console-based world, SNK brought a level of arcade gaming that may never be seen again.
10/29/2001 Matt Stensrud