As Inside points out, Sony recently announced on the console's official Japanese product page that "shipments are scheduled to conclude soon" (近日出荷完了予定 or kinjitsu shukka kanryou yotei).
PlayStation Now currently lets users stream over 400 PS3 titles to the PlayStation 4 console, or to a Windows PC, and soon Sony will finally add PS4 titles to the service. Given that the PS4 and PS4 Pro have already been launched, we're sure that Sony would much prefer to focus their production efforts and resources on the their future endeavors. This is said to be the only remaining model of the PS3 still in production in Japan.
The PlayStation 3 has been around for over a decade and for the most part, has been very successful. Global production may not have an end in the near future, as places other than North America and Japan are slower to adapt to new gaming technology. Outlasting Sony's original projected 10-year lifecycle, the Playstation 3 has been a commercial success for the company and consolidated the "Playstation" brand while extending Sony's presence well beyond the immediate domain of videogaming.
PS3 also lent a hand to some notable trends that we give for granted these days, by supporting streaming services such as Netflix. The launch model, early examples of which contained native PS2 emulation, was three years after launch superseded by a Slim redesign.
Lifetime PS3 sales are believed to have reached in the region of 84m units, which is about level pegging with Microsoft's Xbox 360.
"PlayStation 3 was the first console I bought "day one" and, as I was feeling a bit flash at the time, I forked out for a 52" HD TV to go with it which cost £2,300 at the time.