Submitted by: kirkland on Thursday March 31st, 2005 at 03:28 PM EST

Sony Corp.'s new handheld video game unit, the PlayStation Portable, is selling well but is far from sold out at stores nationwide, an analyst said on Thursday.

One week after the $249 PSP package was launched in the United States, American Technology Research found that only 50 of 150 stores surveyed nationally in the last two days were sold out. Another 15 stores had three or fewer units left.

The PSP, which also plays movies and music in addition to games, is Sony's first entry into handheld gaming, a market controlled since 1989 by Nintendo Co. Ltd. Nintendo's established Game Boy Advance SP sells for $79, and its new dual-screened DS sells for $149.

McNealy estimated the PSP sold as many as 575,000 units in its first week, with up to 300,000 left in the inventory channel.

» Read full story @ Reuters