Yesterday, Sony revealed that over one million pre-orders have been placed for its next-gen console, the PS4. It's a situation Sony UK managing director Fergal Gara told OPM is "kind of a good problem to have, but it is a problem and we're trying to manage that as responsibly as we possibly can."

Gara added the pre-order numbers are "higher than we've ever seen in 20 years in this business." It's this demand that led Sony to tell its retail partners that pre-orders after August 5 would not be guaranteed a console on launch day. Gara elaborated to OPM that Sony is "chasing demand" at this point.

GameStop ceased taking pre-orders for the console back in July, while Wal-Mart has stated it will open pre-orders for the console again in North America on August 24. The PS4 will launch for $399 on November 15 in North America and for €399/£349 on November 29 in Europe.

This article was originally published on Joystiq.

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