This marks the end of the best-selling video game console of all time. Since the PS2 launched in March 2000, 150 million consoles and 1.52 billion games for it were sold, PC Magazine reported.
However, games will still be produced for the PS2, BBC News reported. About 11,000 different games have been made for the gadget in its lifespan.
When the PlayStation 3 came out in 2006, Sony shifted its focus to the new product but kept the PS2 on store shelves at a lower price, Fox News reported.
The PS2 is credited with being the best-selling game console of all time and its wide use is also thought to have aided the popularity of DVDs as a drive for the disks was built in to the machine.
Despite rumours that Sony will make announcements about the PS4 in mid-2013, the firm has not given any official details of the specifications of the hardware nor when it might be released.