Error while waiting for device: Time out after 300seconds waiting for emulator to come online

I have been trying to use android studio 2.0 emulator but I can not run my App on the Emulator. When I Run my App it shows the emulator with following details:

Hax is Enabled

  • Hax ram_size 0x800000000
  • HAx is working and emulator
  • runs in fast virt mode.
  • console on port 5554,
  • ADB on port 5555

After that it takes to next TAB Launching app and shows Waiting for the device to Come online After that it shows error: Error while waiting for device: Time out after 300seconds waiting for emulator to come online.

What I have tried so far.

  • Installed fresh android studio 2.0 with all update to date SDK
  • Tired to increase Emulator Memory.
  • Installed android studio 2.1 Beta with latest SDK
  • Discussed this issue on Google.

Anyone know any solution.

Thanks in advance.

Edit

I haven’t found any solution yet. I opened new issue on 4th may 2016 because it is known bug in previous versions. Please report on the following link if you have same issue.

https://code.google.com/p/android/issues/detail?id=209095

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