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Many Western dev teams have more employees (EA Canada, Rockstar North, Ubisoft Montreal, DICE, Eidos Montreal) and thus can pump out games more frequently.

But there are also a few dev teams that need 3+ years to make a game, like Bethesda Softworks or Irrational Games.

As for CoD, each of their 3 dev teams is making one game, so the cycle has actually been increased from 2 to 3 years per game.