What's New: $1 Billion To Fix XBox 360s

Microsoft is taking an accounting charge for over $1 billion for this past quarter to fix faulty XBox 360 game consoles. Customers whose hardware fails with three flashing red lights will now be covered by a a three-year warranty. Microsoft will repair or replace the unit, and also will reimburse customers who have already paid for repairs for this issue.

Thursday, Jul 5, 2007 05:15 pm CDT

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