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Published: July 9, 2007
Xbox 360 Repairs Will Cost Microsoft $1B
Associated Press

SEATTLE (AP) -- In another setback for Microsoft Corp. 's unprofitable entertainment and devices division, the company says it is planning to spend at least $1 billion to repair serious problems with its Xbox 360 video game console.

Microsoft declined to detail the problems that have caused an onslaught of "general hardware failures" in recent months but said Thursday it will extend the warranty on the cons...

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