Is PSP discontinued?

Excuse me, could you please clarify if PSP, or PlayStation Portable, has been discontinued by the manufacturer? I've been hearing rumors about its discontinuation and I'm quite interested in knowing the official status of the product. Could you also provide any insight into the reasoning behind the decision, if indeed it has been discontinued? I'm particularly interested in understanding the impact this may have on the gaming industry and consumers who may still be using the device.