Mad Catz downfall as a company is honestly hilarious for how short sighted they were. Their entire business model was using low prices to trick well meaning parents into buying god awful game controllers for their kids.
Fast forward ten years to when those kids are adults and buying their own videogame hardware and no one trusts the brand because they were burned so bad as kids. Even when they did make efforts to improve themselves and later did a partnership for Rock Band nothing could save them from themselves.