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1 billion dollars because they made a crappy system.

http://www.cnbc.com/id/19608137/for/cnbc/

It's good, but you gotta know that the system they send you back is refurbished.

Obviously this is better than not having coverage at all after 1 year (previous policy).

Double edged sword really: first it costs them money, but they reassure owners of the 360.

On the other hand this sends a signal to everyone else who was going to buy a 360 that the failure rates are definitely massive if they are going to all this trouble to cover it.

 



Thanks to Blacksaber for the sig!