Recently, I had this code show up and had to implement a fix for it. The code is vague and gives a hint at checking network connection. The code was thrown when trying to apply an update to be able to download a profile again. The update appeared to be working, but would fail out every time. Even clearing the cache from the hard drive didn't work. Looked around for a while before finally stumbling onto a solution.
To fix error code: 416B-0000-3080-0504-8007-0070 implement the following:
1. Open the disc tray.
2. Take out any game that is in it.
3. Pull out the power plug from the console.
4. Gently push the disc tray HALF-WAY back in, stopping before it fully closes.
5. Plug the Xbox 360 power cable back in.
6. Turn on the Xbox 360 allowing the disc tray to automatically close the rest of the way on its own.
After following the above steps, the console should be able to update normally.
I just came here to say that this actually worked. My 360 somehow reformatted itself and I could not update. In fact, the update bar would move forward, and then move backwards. I tried everything else I could think of, but nothing worked. But, this did! Thank you.
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