With any consumer electronic device that is manufactured be it a mobile phone or a game console, there are bound to be some of the devices that fail for one reason or another. This is particularly true of game consoles like the PS3, Xbox, and Wii.

While some failures are to be expected with game consoles, it came to years ago that the Xbox 360 was failing at a very significant rate with the so called RROD failure. DailyTech reported details of the failures due to RROD previously. Microsoft acknowledged the failure rate of the console and extended the warranty for RROD failures to three years. Microsoft, however, has not denied recent reports that the Xbox 360 has a 54.2% lifetime failure rate.

SquareTrade has released the results of a study (PDF) into the failure rates of game consoles on the market today. The three major consoles were included in the study. SquareTrade looked at failure rates over the first two years of ownership and found that the most reliable console of them all was the Nintendo Wii with only a 2.7% failure rate. The PS3 was next with a 10% failure rate, and the Xbox 360 has a 23.7% failure rate over the first two years.

Read the entire article at DailyTech.