On Aug. 13, GameStop (NYSE:GME) will be reporting earnings, and the preorders for the Playstation 4 and Xbox One are going to give investors some major insight into which one is currently winning this fiercely competitive gaming console war. In the video below, Motley Fool consumer goods analyst Blake Bos gives us the history of the seven-year buildup to these two releases, tells us which console currently has a leg up, and highlights what investors will need to be watching in the coming months to see how this plays out.

Blake Bos owns shares of Microsoft and GameStop. The Motley Fool owns shares of GameStop and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.