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It's not only exclusives they are lacking, half or more of their market share comes from US market, compare that to Sony and it makes a big difference
Last year they had the S released, their where bundles with EA to support it, now even EA is on Sony's side, They are competing directly with Sony but all the time they fall further behind, Globaly Sony's presence is almost everywhere, while micro still limit itself to certain markets
They lost Japanese third party support, most of those are Sony exclusives even in the west, and without a strong first party line up I think the outcome was clear
Let's see what the X can do, will it get stronger support?, bundles, first party exclusives, & better deals?, from what I we if things continue the way they are then the gap will keep on growing and they need to start planning their next gen carefully