I am working on Android Studio 3.3.2 and when I create an emulator with android 4.0.3 x86, shows a black screen and never boots.
I tried with other higher versions and starts perfectly. I tried to run through command line and I didn't get any errors. In "Emulated Performance" I have Software - GLES 1.1, didn't allow me to change. I tried from both Windows 10 and OSX 10.14.4 Mojave and have the same problem.