Following several days of analyst predictions, Sony today announced that more than 500,000 PSP Value Packs were sold in the first two days the device was available last month. The company also said that the first week sales of the PSP generated more than $150 million at North American retailers.

“The launch of PSP was everything we hoped for, with extraordinary consumer demand driving sales of hardware units alone upwards of $150 million in first week sales, far and away above those generated by any other product in the space,” said Kaz Hirai, president and chief executive officer, Sony Computer Entertainment America. “In only two weeks, PSP is having an immediate impact across the entire industry as consumers are clearly voting it the product of the year in 2005.”