By 1983, the video game bubble created during the golden age had burst and several major companies that produced computers and consoles had gone into bankruptcy. Atari reported a $536 million loss in 1983. Some entertainment experts and investors lost confidence in the medium and believed it was a passing fad. A game often given poster child status to this era, "E.T. the Extra-Terrestrial" had such bad sale figures that the remaining unsold cartridges were buried in the deserts of New Mexico.