As the third home video game console produced by Sony Computer Entertainment, the PlayStation 3 is the PlayStation 2’s successor. As a member of the seventh generation of gaming consoles, this particular model is designed to compete with Nintendo’s Wii and Microsoft’s Xbox 360.
On November 11, 2006, Sony released the third iteration of the PlayStation, followed on November 17 by releases in North America, Asia, and Europe. The Sony PS3 can play back Blu-ray Disc(BD) content at a rate of multiplex 48Mbps, which is the maximum bit rate allowed by BD standards. The Sony PlaySation 3 (PS3) was officially unveiled to the public on May 16, 2005, at the E3 2005 conference, and is currently the model of Sony PlaySation that is causing a stir. There wasn’t a working system there because hardware issues and power outages prevented the system from being readily available. Because there were not enough diodes for the Blu-ray Disc drive, Sony announced on September 6, 2006, that the PlayStation 3’s release would be postponed until March 2007.
A later date, November 11, 2006, saw the launch of the PlayStation 3 in Japan. In its first two days of availability in Europe, Australia, and New Zealand, the PS3 from Sony set a record by selling roughly 600,000 units. Later, Sony revealed that one version of the PlayStation 3 with an 80 GB hard drive would debut on June 16 in South Korea. The Sony PS3’s 80 GB hard drive was included for the first time when it was released.
In North America, Sony stopped selling the 20 GB PlayStation 3 model in September 2007. It was after citing “lack of consumer demand” although the 20 In Japan, the GB model is still available. Given the $30 price difference between the two aforementioned models, it is widely believed that the 20 GB model’s removal from the North American market was done to reduce manufacturing expenses.