£500m bill for Xbox red ring of death

A 500 million repair fund has been set up for Xbox 360 Elite consoles suffering the ‘red ring of death’ fault, according to

T

he Mirror

.

The fault, which freezes console units, was apparently less-likely to occur on Elite machines.

In a statement issued to the newspaper, Microsoft said: "The majority of Xbox 360 owners enjoy a great experience with their console. Anyone with a problem should call Xbox customer service."

Update: MCV has since learnt that The Mirror story relates to last year’s fund set up to deal with the problem, and is not specific to Elite consoles.