Microsoft plans to
take more than US$1 billion of its profits to extend the Xbox 360 warranty to three years and make sure it fixes any outstanding problems with its console.
This is nothing short of a miracle these days, as companies rarely admit that there's anything wrong with their products, but maybe Microsoft has realised that it's cheaper to act now than wait for a law suite.
According to Reuters, Microsoft reached the conclusion that there was an unacceptable high ammount of console failures and it was time to do something drastical about it.
Some of the problems didn't show up during the initial test of the console as they've appeared over time and anyone who's paid to have their console repaired will be reimbursed.
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