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What you don't understand is that Nintendo WILL be at E3. They just won't have a big press conference. They're not holding their own separate event from E3 like you think they are.

Nintendo Directs are successful, but who watches them? 60-70% watch them through the eShop so they already have these consoles they're trying to sell. An E3 press conference provides mass coverage, skipping it is no way a good idea.