Cannot launch AVD in emulator:QT library not found
This seems to be an issue relating to the recent update. A temporary solution is to launch emulator from within the /path/to/android-sdk/tools directory in the commandline.
See https://code.google.com/p/android/issues/detail?id=235461 to follow the issue.
All other answers did not work for me as "Android Emulator" was not installed with a standard installation of Android Studio. Make sure you have installed it and then try other answers if required.
For Linux or Mac systems you can add the following to ~/.profile (or ~/.bashrc):
function emulator { cd "$(dirname "$(which emulator)")" && ./emulator "$@"; }then run to load the changes:
source ~/.profile(or source ~/.bashrc of course)
This will allow to execute emulator until they fix the issue
(based on #10 yanokwa comment from https://code.google.com/p/android/issues/detail?id=235461)