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Microsoft caves in and extends Xbox 360 warranty
Faced with increasing numbers of '3 flashing red lights' failures on its Xbox 360 games consoles worldwide, Microsoft today extended the warranty for all Xboxes that fail for this reason to 3 years from the date of purchase. Any that fail for this reason will be repaired free of charge, including shipping costs. This will cost the software giant over $1bn. Ouch.
Even better, anyone who's already out of pocket for any such repairs will be reimbursed by Microsoft.
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