Funny, but Samsung Did Not Pay Apple $1bn in 5 Cent Coins
By on August 30th, 2012

Over the past few days, the Internet has sparked with Apple-Samsung verdict as the federal jury slapped Samsung with a $1 billion penalty for violating Apple’s patent rights. In the wake of this, there have been rumors spreading in the past couple of days that Samsung cleared the $1 billion penalty by paying it in 5 cent coins.

The rumor on Samsung paying Apple in nickels spread like wildfire. It is reported to be spreading from the website MobileEntertainment, however, it is known that it originated from a Mexico-based parody website El Deforma, which was then carried over by 9gag users and made it as a cartoon.

Samsung Galaxy

The actual message that was spreading across Twitter and Facebook was this:

“Yesterday, more than 30 trucks filled with five cent coins arrived at Apple’s headquarters in California. Apple security were in the process of freaking out before Apple CEO Tim Cook was called by Samsung explaining that they will pay all of the $1.05 billion they owe Apple in coins, and this was the first instalment”.

Funny, but sadly this is not true and Samsung did not pay Apple by sending trucks filled with nickels. When I first read about it and tweeted stating that it is a hoax, I never thought the same rumor would spread this far.

Twitter user Ken Tindell tweeted, “a nickel weighs 5g. It would take 2,755 18-wheeler trucks (max legal tare 80,000 lbs) to carry the money.” Just for fun, here’s how much a billion dollars in nickels would weigh: At 5g each that’s 0.005 kg x 20,000,000,000 = 100,000,000 kg = 100,000 tonnes.

As a matter of fact, Samsung hasn’t been ordered to pay the $1 billion to Apple yet. It’s just a jury’s verdict. According to  The Guardian, “Samsung’s fine ($1.049bn) isn’t yet payable; the judge hasn’t ruled. All we have is the jury’s verdict. The judge’s decision, which could include a tripling of the fine, is due on 20 September (or possibly 6 December now; it’s unclear). Until then, Samsung only has to pay its lawyers. That should be less than $1bn”.

The funny part was Yahoo considered this as story and featured it on one of its pages!

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Author: Joel Fernandes Google Profile for Joel Fernandes
Joel Fernandes (G+) is a tech enthusiast and a social media blogger. During his leisure time, he enjoys taking photographs, and photography is one of his most loved hobbies. You can find some of his photos on Flickr. He does a little of web coding, and maintains a tech blog of his own - Techo Latte. Joel is currently pursuing his Masters in Computer Application from Bangalore, India. You can get in touch with him on Twitter - @joelfernandes, or visit his Facebook Profile for more information.

Joel Fernandes has written and can be contacted at joel@techie-buzz.com.
 
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