The PlayStation 4 (PS4) is a home video game console developed by Sony Computer Entertainment. Announced as the successor to the PlayStation 3 during a press conference on February 20, 2013, it was launched on November 15, 2013 in North America, and November 29, 2013 in Europe, South America and Australia. It competes with Nintendo's Wii U and Microsoft's Xbox One, as part of the eighth generation of video game consoles.