PSP Racks Up $150 Million in First Week

People love their gadgets and the Sony PSP (PlayStation Portable) is apparently the hottest thing going since the Apple iPod. Sony Computer Entertainment America Inc. announced today that the new handheld gaming and entertainment device generated more than $150 million during its first week of availability at North American retailers. In the first two days alone, stores sold more than half a million units at $250 a pop.

The phenomenal week-one PSP sales are especially impressive considering the non-holiday launch. In fact, many retailers were even closed in observance of Easter Sunday, cutting the week short. Before the North American roll-out, Sony had already sold more than a million PSPs in Japan since its debut during the 2004 holiday season.

The PSP allows users to play games, watch movies, play music, view photos and surf the web via Wi-Fi wireless LAN. The first one million Value Packs shipped even include a special UMD video release of the Sony feature film Spider-Man 2. A line-up of 24 game titles is available for the machine, with an additional 100 titles currently in development worldwide.

For more information on the PSP, go to www.us.playstation.com/psp.