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EA Labels President: Next-Gen Consoles Coming Out in About a Year’s Time

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Posted on August 30, 2012 AT 08:58am

EA Labels president Frank Gibeau has said that Sony and Microsoft’s next-generation consoles will be out within a year, this is after stating that he had seen both consoles first-hand.

“We’re into the sixth or seventh year now of this generation of hardware and so it’s a mature market. In terms of [software sales] fatigue, I consider it more of a mature market, a stable market,” he said in a recent interview with Bloomberg TV. “[Sales] flatten out a bit towards the end [of a console cycle]. Typically a transition year before new hardware comes out you see that flattening effect inside of the business.”

“The new hardware is going to be coming out in about a year’s time, so we’re right around this period in time when the market’s going to slow down and then you have a new game changer coming with all new technology, all new hardware, and another growth period.”

When asked what the names of both next-generation consoles were he replied, “I don’t know what they’re calling them, I’m under non-disclosure so I can’t comment too much about what they’re specifically doing.”

Gibeau concluded by saying that EA is relishing the thought of a new generation of consoles, “‘Transition is our friend’ is kind of the saying we have around EA because it gives you a chance to reset everything. And we’ve done enough transitions in this business that we know what we’re doing, and we’re going to go after this one in a big way. But it is a time where you see new companies emerge as leaders and some traditional companies fall away.”

Matthew Bennett, Associate Editor
Matthew Bennett finally got his big break with EGM three years ago, following years of volunteer work for various sites. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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