It is funny that people think that not having new exclusives 1st party to show is reason enough to skip E3, how did MS participated in all E3s end of last gen and this gen? It is more than it. Besides not having new games to show they don't think they will win anything that justify going to the show.
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."