The Neo Geo MVS coin-operated arcade machine offers owners the ability to put up to six different cartridges into a single cabinet.

In 1994, SNK released the Neo Geo CD console which utilizes cheaper compact disc media as opposed to the cartridges used on the AES.

The Neo Geo MVS was a success during the 1990s due to the cabinet's low cost, multiple cartridge slots, and compact size.

Several successful video game series were released for the platform, such as Fatal Fury, Art of Fighting, Samurai Shodown, World Heroes, The King of Fighters, Twinkle Star Sprites and Metal Slug; game software production lasted until 2004,[10] making Neo Geo the longest-supported arcade system of all time.

[11] The AES had a very niche market in Japan, though sales were very low in the U.S. due to its high price for both the hardware and software, but it has since gained a cult following and is now considered a collectable.

Nishiyama also created the Fatal Fury fighting game franchise, as a spiritual successor to the original Street Fighter.

[19][20][21] SNK exhibited several Neo Geo games at Japan's Amusement Machine Operators' Union (AOU) show in February 1990, including NAM-1975, Magician Lord, Baseball Stars Professional, Top Player's Golf and Riding Hero.

[22] The Neo Geo then made its overseas debut at Chicago's American Coin Machine Exposition (ACME) in March 1990, with several games demonstrated.

[27] In the United States, the console's debut price was planned to be US$599 and included two joystick controllers and a game: either Baseball Stars Professional or NAM-1975.

[29] The same month, the Neo Geo home console version made its North American debut at the Consumer Electronics Show (CES).

SNK also announced that there would generally be a roughly six-month gap between the arcade and home releases of Neo Geo games.

Despite this, Neo Geo arcade games retained profitability through the mid-1990s,[31] and the system was one of three 1995 recipients of the American Amusement Machine Association's Diamond Awards (which are based strictly on sales achievements).

While it ceased manufacturing home consoles by the end of 1997, SNK continued making software for the original 2D Neo Geo.

Despite being very aged by the end of the decade, the Neo Geo continued getting popular releases, such as the critically acclaimed The King of Fighters 2002.

On August 31, 2007, SNK stopped offering maintenance and repairs to Neo Geo home consoles, handhelds, and games.

The arcade machines have a memory card system by which a player could save a game to return to at a later time and could also be used to continue play on the SNK home console of the same name.

][citation needed] The original specification for ROM size is up to 330 megabits, hence the system displaying "Max 330 Mega Pro-Gear Spec" upon startup.

While no technical advances were required to achieve it, some games over 100 megabits, such as Top Hunter, followed this screen by displaying an animation proclaiming "The 100Mega Shock!".

These new cartridges also cause the system to display "Giga Power Pro-Gear Spec" upon startup or during attract mode, indicating this enhancement.

Many Neo Geo games were released on the PlayStation 4, Xbox One, Windows, and Nintendo Switch through the Arcade Archives service.

Because of the limited production runs received by cartridges amongst the sizable available arcade library, some of the rarest Neo Geo games can sell for well over $1,000.

The MVS market provides a cheaper alternative to the expensive and rare home cartridges, and complete arcade kits are priced at a premium.

[61] Since the 2010s, SNK have revived the Neo Geo in new form factors with built-in games, created both by themselves and by officially licensed third-parties.

[5] In December 2018, a limited edition Christmas themed Neo Geo Mini was released, featuring nine games previously unreleased on the other two versions.

Resembling a large white arcade stick complete with joystick and 8 buttons, it has 20 built-in games as well as HDMI output for TVs.