Take-Two CEO Expects New Console Generation, But Won't Comment on Mid-Cycle Rumors

Take-Two CEO Strauss Zelnick believes there will be at least one more console cycle, while he won't be drawn in to the rumors around incremental PS4 and Xbox One upgrades.

"Do I expect there will be another iteration of hardware? I do. Do I think that will be good for us? I do. If it doesn't happen, will it be bad for us? No," he said today during a speaking event at the Cowen and Company Technology, Media & Telecom Conference.

Also during his talk, Zelnick said the uptake for the PlayStation 4 and Xbox One has been "wonderful." He estimated there are around 60 million combined systems out there today, and also cited an IDG projection that the install base could reach 115 million by 2019.

Zelnick was also asked to comment on the ongoing rumors about new PS4 and Xbox One consoles. "Can't comment on those rumors; does it matter? No," he said.

Sony is rumored to be working on a more powerful PS4 codenamed Neo, while a new Xbox One model, Scorpio, is believed to be four times as powerful as the existing system. If official announcements are coming, we could hear about these, or others, at E3 later this month.