It was launched with the Neo Geo, an arcade system (called MVS) with a home console counterpart (AES).

Games on the Neo Geo (MVS and AES) were well received and it spawned several long-running and critically acclaimed series, mostly 2D fighters.

Despite that, the original Neo Geo arcade and console continued receiving new games under new ownership until 2004.

Initially, the home system was only available for rent to commercial establishments, such as hotel chains, bars and restaurants, and other venues.

However, the original AES joystick can be used with all 3 Neo Geo CD models instead of the included control pads.

The Hyper Neo Geo 64 was conceived as SNK's 3D debut into the fifth generation video game consoles.

It provided the hardware basis for a home system that would replace their aging Neo Geo AES, one that SNK hoped would be capable of competing with fifth generation video game consoles.

SNK released their first handheld console, the Neo Geo Pocket, in late 1998 exclusively in the Japan and Hong Kong markets.