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.”