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2013 may be a new beginning for most, but for Sony it’s the end of an era.

Today it was announced that Sony will halt production on the Playstation 2 gaming console. We know what you’re probably thinking – The Playstation 3 has been out for years, who cares about the Playstation 2?! But the console, which originally debuted in 2000, is a fan favorite.

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In a statement about Sony’s halt of production for the Playstation 2, the Japanese electronics company wrote:

“Due to Playstation 2 now being over 12 years old, we have decided to stop future production of the console and focus on our newer and more popular platforms, PS3, PS Move and PS Vita. We are very proud of what we have achieved with PS2.  Having sold over 150m units worldwide, Playstation 2 remains the world’s best selling console, but with sales understandably declining, we are shifting our priorities to reflect this.”

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While there is not much information on what the future of gaming will hold for Sony, there have been speculations that the Sony Playstion 4 will be announced in February during a press conference conveniently named “Destination Playstation.” Although this could be about anything PS related, many are speculating that Sony will use this platform to announce its next generation gaming console.