Just one year after the Dreamcast's release, it became eclipsed by the Sony PlayStation 2. Having developed an expansive and loyal fanbase with the original PlayStation, Sony saw incredible returns on its new device. The PlayStation 2 garnered more than $250 million in sales on its launch day, and by the time it was retired, it became the highest selling console of all time (nearly 160 million units worldwide).
In addition to its ability to play both CD- and DVD-ROMs, the PlayStation 2 built upon its predecessor's successful game library. Square Enix (formerly Squaresoft) continued to develop for Sony, and the company also secured the rights for the Grand Theft Auto franchise. The latter move was especially significant, as Grand Theft Auto: San Andreas and Vice City became the top two highest-grossing PS2 games.
The PlayStation 2 outsold its most significant competitor, the Xbox, by more than six times as many units. It was finally discontinued in 2013, outlasting its competition by several years.