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JackHandy said:

Man, do I miss the Atari-PS2 era and those gargantuan leaps every five years. Collectors these days scratch their heads when you tell them that you picked up all six Mega Man carts on NES in the year 2000 for under fifty dollars. But that's because back then, new consoles and games were just obliterating everything that came before it, and you saw almost no use for such old, archaic trash lol. It was an exciting time to be a gamer and sadly, I don't envision it ever returning. At least not with conventional game consoles and games.

It was a huge driver of gaming growth as well. Older games being dirt cheap introduced customers that couldn't afford the newer hardware. One of the biggest problems for console gaming these days is that there's no trickling down of used games to people in poverty. So they choose to just game on their phones instead.