Video game console makers have tended to operate on approximately five-year cycles. That is, the manufacturers generally wait about five years between new consoles, give or take a year.
For example, Sony's PlayStation 2 was released in 2000 and its PlayStation 3 in 2006. Microsoft's original Xbox came out in 2001 and its Xbox 360 in 2005. And Nintendo's GameCube first launched in 2001, and its Wii hit store shelves in 2006.
But with the release of the so-called next generation of consoles--with the 2005 release of the Xbox 360 and the 2006 release of the Wii … Read more