"In the first couple of years, we expect double the installed based of previous generations," he added, referring to the number of systems sold over the same period of time. "The reason why is: The last cycle was longer, so there's a lot of pent up demand." Key isn't alone in believing that the new systems will continue to sell well, as Sony's Jack Tretton projected that three million PS4 consoles would be sold by the end of the year. The PS4 is off to a good start; the next-generation console sold one million units within its first 24 hours at retail.
Key also spoke to the delay of Ubisoft's Watch Dogs to spring 2014 in the interview, saying that "Watch Dogs is designed to be a long-term brand for Ubisoft. We won't launch it until we know it's equaling the vision it can achieve."
Update: Clarified language regarding Key's expectation for next-generation console sales.