Microsoft acknowledged two weeks ago that Xbox 360 flaws had reached "unacceptable" levels, requiring it to take a charge of more than $1 billion in the June 30 quarter for replacements and warranty extensions. Microsoft also said cumulative Xbox 360 sales had come in below the 12 million-unit target that it had set for that point.
Xbox 360 jumped out to an early lead over Sony's PlayStation 3 and the Nintendo Wii in cumulative U.S. unit sales, thanks to a yearlong head start. But the lower-priced Nintendo console has been fast closing that gap, leading its competitors in recent monthly sales totals.So far I have not had any problems with my Xbox 360 Elite "Knock on Wood"
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