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The Wait Is Over: Sony’s PlayStation 4 Officially Goes On Sale

Microsoft's Xbox One Is Due Out Nov. 22
Andrew House, President and CEO, Sony Computer Entertainment, and Jack Tretton, President and CEO Sony Computer Entertainment America, present 24-year-old Joey Chiu of Brooklyn with the first of 444 PS4s to be sold at the PlayStation 4 North American Official Launch event presented by Sony Entertainment Network at The Standard, Highline on November 14, 2013.  (Photo by Taylor Hill/Getty Images)

Andrew House, President and CEO, Sony Computer Entertainment, and Jack Tretton, President and CEO Sony Computer Entertainment America, present 24-year-old Joey Chiu of Brooklyn with the first of 444 PS4s to be sold at the PlayStation 4 North American Official Launch event presented by Sony Entertainment Network at The Standard, Highline on November 14, 2013. (Photo by Taylor Hill/Getty Images)

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NEW YORK (CBSNewYork/AP) – The wait is over for gamers.

For the first time in over seven years, new PlayStation and Xbox consoles are hitting stores this month.

Sony’s PlayStation 4 officially went on sale Friday.

“You can’t ask for a much more better system — 8 GB of RAM, 500 GB of hard drive, it’s going to be a lot smoother, a lot faster,” one gamer told 1010 WINS’ John Montone outside the Sony store on Madison Avenue and 56th Street.

Microsoft’s Xbox One is due out Nov. 22.

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Both are offering exclusive game titles in hopes of luring customers.

Sony expects to sell 5 million units of the PlayStation 4 by the end of its fiscal year in March. The PlayStation 3, in comparison, sold 3.5 million units in that time period seven years ago. Microsoft declined to offer a sales outlook for the Xbox One through the holidays, but demand should be comparable, says Wedbush analyst Michael Pachter. He expects 3 million Xbox Ones to be sold through December and 4.5 million through March.

The PS4 retails for about $400.

Fans wait in line to purchase one of 444 PS4s available at the PlayStation 4 North American official launch event presented by Sony Entertainment Network  at The Standard, Highline on November 14, 2013.  (Photo by Taylor Hill/Getty Images)

Fans wait in line to purchase one of 444 PS4s available at the PlayStation 4 North American official launch event presented by Sony Entertainment Network at The Standard, Highline on November 14, 2013. (Photo by Taylor Hill/Getty Images)

The Xbox One, which includes an updated Kinect motion sensor, will cost $500.

Neither the Xbox One nor the PlayStation 4 is backward compatible, meaning the machines don’t play games that were made for their predecessors.

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