CORRECTED (OFFICIAL)-Best Buy sees strong demand for Sony's PS4 gaming console -CEO

Reuters

(Company corrects to say Best Buy has not run out of PS4 at allstores, headline, paragraph 1)

By Dhanya Skariachan

NEW YORK, Nov 21 (Reuters) - Best Buy Co Inc hasseen high demand for the Sony PS4 gaming console and at one NewYork City location it had sold out, the retailer's chiefexecutive said on Thursday.

Sony Corp's new $399 PlayStation 4 console sold 1 millionunits in the first 24 hours after its Nov. 15 release in theUnited States and Canada.

"We will get new inventory next week," Best Buy CEO HubertJoly said in an interview ahead of the holiday season. "It's agreat launch, there is no doubt about that."

Microsoft Corp's competing Xbox One console goes onsale Nov. 22 with a price tag of $499.

The PlayStation 3 debuted in 2006 and Sony later unveiled amore powerful version of the same machine. Sony sold 3.6 millionof the predecessor PS3 in the four and a half months after itslaunch in November 2006. (Reporting by Dhanya Skariachan; additional reporting by LisaBaertlein; Editing by Bob Burgdorfer)

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