Microsoft has the most to prove. They have been promising more investment in games for a some years now and people expect some of these to be coming close to fruition and start being revealed. A lack of any good games again will hurt them badly reputation wise (especially Phil Spencer's) but regardless I dont see it changing their sales much one way or other.
Nintendo doesnt seem to have much going on the 2nd half this year but no doubt they have a big E3 planned. However very positively for them the sales of the Switch are only a little behind the PS4 which is good. This will likely increase significantly once Smash or other games like Poke come in.
Sony dont need to do much. A number of big games have been announced. The demos will be enough. PS4 will continue doing well though it seems the peak was last year.
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