To stay competitive Sony has cut prices on its PS2 hardware, further straining results.
PS2 outside the store, saying only that he was "excited" to start playing it.
But not everyone at the late-night launch was taking their PS2 home to play.
Back in the glorious days of the PS2, this was one of my favorite action games.
Xbox might not be selling as well as PS2, but it has made a mark.
Microsoft's Xbox console, launched a year after the PS2, has sold 6.5 million units worldwide.
Evergrace is the next step in dress-up evolution - from Underoos to the PS2.
PS2 was also criticised for being expensive, over-engineered and unreliable when it first appeared.
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The Gamecube was competing with the PS2 and the Xbox, both of which were more technically advanced.
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Sony has similarly ambitious plans for PS2, which can already play CDs and DVDs without any extra accessories.
Until recently, Divineo was selling a whole bevy of Xbox, Xbox 360, PSOne, PS2, GameCube and other system mod-chips.
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Do you think any of that has to do with the phenomenal success of the PS2 as a platform?
PSX, PS2 and PSP, you should be able to do well in software.
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Although Sony is ending production in Japan this does not mean no more games will be produced for the PS2.
The PS2 was so popular that it outsold its replacement for the first three years that the PlayStation 3 was available.
Last year, they wowed fans and newcomers with their HD revamp of the PS2-era Shin Megami Tensei: Persona 4, Persona 4 Golden.
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They expect another 5 years with the PS2 on top of anticipating the PS3 launch and celebrating early success with the PSP.
Ideally they will make all PS1 and PS2 games available as well.
The hardware first went on sale in March 2000 in Japan and since then more than 150 million PS2 consoles have been sold.
Sony has always had a strong presence in the Middle East and has had a majority share of the market since the PS2 days.
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Sony has ended Japanese production of its best-selling PlayStation 2 (PS2).
"We can confirm that as of June 1st we will no longer be accepting the PS2 console or its related product for trades, " the statement reads.
In the end it was to great to make the money that was risked in order to give us a trully insane gaming experience over the ps2.
In late November, Electronic Arts, the industry leader, which makes games for PS2, Xbox and Nintendo, was trading at 90 times earnings for the year ended March 2002.
"PS2 is in and Sega is out, " says Chan Wai Hin in his seller's stall in Hong Kong's Oriental 188 Shopping Center, a mobbed two-floor stop for gamers.
PS2's central processor, a 128-bit microprocessor developed by Sony and Toshiba, has twice the raw number-crunching power of Intel's most advanced Pentium chip used in professional desktop computers.
And in fact, they could stream the less-demanding PS2 games.
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There aren't any numbers listed for next-gen, but it's expecting sales of PS3 hardware to drop to 10 million units from 16.5 million (including the PS2) the year before.
Mr. MICHAEL GOODMAN (Analyst, The Yankee Group): There's a lifetime value of that PS2 customer, and you're making money off of them, you're making royalty payments off of them.
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