Microsoft faces bill of over $1B for Xbox repairs

• Story Highlights
• Microsoft says it will cost over $1 billion to fix Xbox 360 game consoles faults
  
• Only 11.6 million 360s shipped by the end of June, missing 12 million target
  
• Microsoft will extend warranty coverage to three years to cover the problem
  
• Hardware issue has marred a string of successes for the Xbox 360
  
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