With time, the games became extremely popular and started being sold by many companies. Europe was introduced to the concept of video games in 1974. General Instruments released the first low-cost chip and allowed the building of a complete PONG system, with few external components. This resulted in the creation of a whole video game industry. Hundreds of manufacturers came into being and released their own line of PONG video games around the world. From being a PONG game to being a Playstation, video games have come a long way.