Did Samsung pay Apple a billion dollars in nickels? - Internet/Facebook Rumour

20 Nov 2013 - Article No: 1791. Filed under: General | Internet/Facebook Rumour




This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this...


Messages are circulating Facebook that claim phone manufacturer Samsung paid software giant a fine of $1.05 billion entirely in nickels.

The messages claim that after a court case for copyright infringement was won by Apple, Samsung took advantage of there being no restrictions on how the payment should be made by sending 30 trucks full of nickels to Apple’s HQ.

However the rumours are false and have been circulating for over a year. The message is easily dismissible [to anyone willing to spend a few minutes of research] for several different reasons.

1. It would take many, many more trucks to transport that amount of cash. A 5 cent coin in the USA weighs in at 5 grams. Since you’d need over 20 billion of them to rack up the £1.05 billion fee, that works out at 100,000 tons “and change”. So you’d need at least a couple of thousand trucks, not 30.

2. They probably couldn’t get their hands on 20 billion nickel coins. No bank would hold anywhere near that many, which would represent a substantial amount of the total number of nickel coins currently in circulation in the US. I.e. There is no way you can acquire that many nickel coins.

3. At the time of writing, Samsung appealed the copyright claim by Apple, and as of November 2013 the trial is underway. Thus Samsung will not be paying Apple anything for some time, if at all.

In reality, the story actually originated on a satirical website and was not intended to be taken seriously.

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