GameStop Says 2.3 Million Waiting for New Game Consoles

GameStop Corp., the largest specialty retailer of video games, said its initial allocation of PlayStation 4 consoles sold out and that 2.3 million customers are waiting for new players from Sony Corp. and Microsoft Corp.

Initial sales of the player exceeded its predecessor, the PlayStation 3, by more than 80 percent in the first few days, executives of the Grapevine, Texas-based chain said today on a conference call with analysts. They also anticipate a large waiting list for Microsoft Corp.’s Xbox One, suggesting a prolonged industry sales slump is ending.