Yes. Nearly every peripheral worked through serial ports.
Lots of problems; big mess. So they unified things to a universal standard, whilst still keeping the spirit of serial alive. And by that, I mean wildly different plugs, different numbs of pins, incompatable pinouts, crazy voltages, drive issues and more. Truly the interoperable future is here.
(what? no, pass me _the_ usb cable. Idiot; it's the one that looks like the inside out apple cable. But not _that_ inside out apple cable, because although they're identical on the outside and will plug together....)