Ubisoft CEO Yves Guillemot has said that the extended lifecycle of current-generation consoles has "damaged the industry".
"I think that what has happened is the transition has been very long," he told Polygon.
"You know, in the industry, we were used to changing machines every five years. This time we are in the seventh year of the 360. We need new consoles and at the end of the cycle generally the market goes down because there are less new IPs, new properties, so that damaged the industry a little bit."
He went on to say, "I hope next time they will come more often."
Guillemot reasoned that extended console lifecycles prohibit innovation as publishers take fewer risks - issues that are resolved when new hardware is released.
"Transitions are the best times, are the best ways, to make all of our creators take more risks and do different things," he said.
"When a console is out for a long time ... you don't take as much risks on totally new IPs because even if they are good, they don't sell as well."