 Sega announced the release of the Mega-CD in Japan for late 1991, and North America (as the Sega CD) in 1992. It was unveiled to the public for the first time at the 1991 Tokyo Toy Show, to positive reception from critics. The Mega-CD would go on to be released in Japan on December 12, 1991, initially retailing at JP ¥ 49,800. Though the unit sold quickly, the small install base of the Mega Drive in Japan meant that sales declined rapidly after launch. Within its first year in Japan, the Mega-CD only sold 100,000 units. Third-party development of games for the new system suffered because Sega took a long amount of time to release software development kits. Other factors impacting sales included the high launch price of the Mega-CD in Japan and only two titles being available at launch.
