Microsoft (MSFT) and Sony (SNE) are set to provide more details today about their new flagship gaming consoles at the Electronic Entertainment Expo, which is taking place in LA. While Sony is trying to attract hard-core and casual gamers to its PlayStation 4, Microsoft is positioning its Xbox One at the center of the living room. E3 comes in the midst of a slump in the gaming industry, with some of the new and cool kids on the block - the creators of hit smartphone games - giving the expo a miss.
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