The PlayStation 3 (PS3) is a home video game console produced by Sony Computer Entertainment. It is the successor to PlayStation 2, as part of the PlayStation series. It competes with Microsoft's Xbox 360 and Nintendo's Wii as part of the seventh generation of video game consoles. It was first released on November 11, 2006, in Japan,with international markets following shortly thereafter.

And yes, that was Copy paste from Wikipedea, and yes, I don't care.