Do you want award-winning journalism with a Christian worldview, delivered to your inbox? Apple Samsung to Pay Apple $1 Billion for Patent Infringement. It's also near physically impossible. Finanzias, the Spanish version of Yahoo! Messages are circulating Facebook that claim phone manufacturer Samsung paid software giant a fine of $1.05 billion entirely in nickels. The rumors that have been circulating today that the fine of $1 billion payable by Samsung Electronics Co., Ltd. (LON:BC94) to Apple Inc. (NASDAQ:AAPL) for patent infringement has been paid and that too by Samsung Electronics Co., Ltd. David Mikkelson Published 29 August 2012 According to our inbox, more than a few of you came across this headline earlier today. This could be a good approximation, and if Samsung has short changed, then Apple could take it up with them. (Indeed, a judge later found the jury had miscalculated $400 million in damages for 13 products and ordered a new trial to determine how much Samsung should pay. Apple and Samsung make the bestselling smartphones in the market A US court has ordered Samsung to pay Apple $1.05bn (£665m) in damages for … Samsung Pays Apple 1 billion Sending 30 Trucks Full of 5-Cent Coins . A viral anti-vaccine video mangles the science behind the production of a potential COVID-19 vaccine. Staff Writers. The judge in the case had not yet handed down her decision, and undoubtedly several rounds of appeals (likely culminating in a settlement), dragging on for months (if not years), would take place before Samsung actually paid out any damages to Apple, as noted in the, To pay off a billion dollars in nickels would require. Suppose that Samsung really did pay $1 billion in nickels. Apple could once sure, deposit all the coins … If Samsung were to pay $1 billion dollars in 5 cent coins (nickels), it would require 20 billion coins, but statistics say that the US Mint produces less than a billion nickels in a year, which means Samsung can not arrange such a large number of nickels without their help. This will not be the first time that Apple has to pay a penalty to Samsung Display for buying fewer OLED panels than previously agreed. A friend posted this story on Facebook. Samsung paid off a $1.05 billion judgment awarded to Apple in a patent infringement lawsuit entirely in nickels. It just isn’t depicting what is being claimed) Facebookers are spreading a hoax via a Youtubers WordPress blog that originated on a Mexican fake-news website that claimed Samsung is paying Apple’s owed 1 billion dollar fine via nickels. To pay Apple $1,049,343,540 billion in five-cents coins Samsung would need almost 21 billion coins, 20,986,870,800 nickels to be exact. To pay Apple $1,049,343,540 billion in five-cents coins Samsung would need almost 21 billion coins, 20,986,870,800 nickels to be exact. The sell side analysts have not yet calculated the amount of trucks needed for $1 billion of nickels. When Samsung was originally asked to pay Apple $1 billion in damages in the first case ruling, it was much-rumoured that it paid the entire amount in US nickels. Shelly Palmer. Do you want award-winning journalism with a, Report: 69% of Obamacare plans to cover elective abortions in 2021, Sudan arrests 9 Muslim extremists tied to church burnings, threats against churchgoers, China bans Christmas activities, forces some churches to halt services, Christians in Baghdad celebrate Christmas 10 years after al-Qaida massacre, Starting deep meaningful conversations in 2021, With skyrocketing mental health crisis, church proves the healthiest place to be, 64GB MicroSD High Speed Cards Announced by Samsung at IFA, Samsung Galaxy Camera Debuts at Company's 'Unpacked' Event, Google Search Upgrade Allows Nexus 7 to Find Movie Showtimes and More, Samsung Galaxy Note 2 vs. Samung Galaxy S3, A Different Perspective on Pain and Suffering. That’s an almost unfathomably large number of nickels. According to reports, Apple is now looking at a $1 billion penalty payment to Samsung Display. Amid COVID-19 lockdown rules in 2020, social media users appeared to "discover" a brand new... Did AT&T Have a Contract to Audit Dominion Voting Systems? No surprise, there wasn’t any such news. Regardless, let’s try to quantify it for a moment. To pay off $1.05 in nickels would require a huge investment by Samsung to physically collect all of the nickels in a bizarre supervillain type of scheme, and then ship them to Apple. This Week on the Edifi Podcast Network: An Ex-Abortion Nurse, Miracles, John Bevere, Lee Strobel, Why ‘Socialism Isn't Biblical’ and More! Uploaded 06/21/2013 Signed document didn't specify a single payment method so 30 trucks arrived at Apple's HQ filled with nickels, unwrapped of course. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. A federal jury in California on Friday recommended that Apple be awarded more than $1 billion in damages after finding Samsung was guilty of "willful" violations of a number of Apple's … Stimulus update: Everything to know about the bipartisan $300 unemployment benefit plan A total of 20 billion coins to arrive this week. Twitter. Case in point: I was walking the dog in Brooklyn’s Prospect Park Thursday morning when I heard the news that Samsung had tried to pay Apple (AAPL) $1.05 billion in damages with 30 truck … Samsung has vowed to take the fight all the way to the U.S. Supreme Court, if necessary. Please click here to learn how. That is freaking hilarious. Paperblog reports that Samsung is ready to pay Apple in full the over $1 billion in damages. Over 30 trucks were allegedly sent to the Cupertino company's headquarters, where the millions of coins were unceremoniously dumped. Samsung pays Apple $1 billion in nickels. In a … Dark Light. Samsung Pays Apple $1 Billion In Nickels This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. The first round of the Apple v. Samsung lawsuit is over and Apple has emerged victorious. I already paid them and fulfilled the law.". Devices that will be banned by Apple include the Samsung Galaxy S 4G, the Galaxy S2 on three of the major carriers in the U.S., the LTE variant of the device known as the Skyrocket, the Galaxy S Showcase, the Droid Charge, and the Galaxy Prevail. The Billy Graham Evangelistic Association Paid a Trump Hotel Almost $400,000 for an Event. Samsung pays Apple $1 billion in nickels - Picture | eBaum's World Signed document didn't specify a single payment method so 30 trucks arrived at Apple's HQ filled with nickels, unwrapped of course. According to the publication, Apple has received 30 trucks filled with nickels a … According to reports, Apple is now looking at a $1 billion penalty payment to Samsung Display. Did Pelosi Stage Photo of Herself Getting COVID-19 Vaccine? Apple paid nearly $684 million to Samsung in Q2 2019 because it didn’t meet the minimum order … Lawsuit Paid In Full: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins. Did Samsung Pay a $1 Billion Judgment to Apple in Nickels? Over 30 trucks were allegedly sent to the Cupertino company's headquarters, where the millions of coins were unceremoniously dumped. Apple handed almost $1 billion to Samsung after failing to order enough OLEDs A result of slow iPhone sales By Rob Thubron on July 14, 2020, 5:18. Snopes and the Snopes.com logo are registered service marks of Snopes.com. ), As to the hypothetical question of whether Apple would be obligated to accept payment of damages in such a form, since the late 19th century pennies and nickels have been considered legal tender and are therefore “a valid and legal offer of payment for debts when tendered to a creditor.” (Businesses selling goods or services are not required by law to accept legal tender as payment, but this particular scenario involves payment of a debt rather than a purchase of goods or services.). In late 2020, internet users highlighted a shocking episode from the legendary blues guitarist's past. That is not a big financial blow to Samsung… No. That brings up the total outstanding balance to $930 million owed to Apple by Samsung. Why Apple had to pay $1 billion ‘penalty’ to Samsung TIMESOFINDIA.COM | Jul 14, 2020, 15:42 IST Apple paid Samsung $950 million for buying less number of OLED displays than required. Reports that Samsung paid off a $1.05 billion judgment awarded to Apple in a patent infringement lawsuit entirely in nickels are fake news. Over 30 trucks were allegedly sent to the Cupertino company's headquarters, where the millions of coins were unceremoniously dumped. That's a pretty good Fuck You! Paperblog reports that Samsung is ready to pay Apple in full the over $1 billion in damages. This is kind of funny. Join over 250,000 others to get the top stories curated daily, plus special offers! Urban Legend: Samsung Paid Apple $1 Billion in Pennies or Nickels After a court ruling in Apple’s favor, requiring Samsung to pay them $1.05 billion in a patent infringement case, rumors swirled that Samsung decided to send 30 trucks full of pennies or nickels in a spiteful move to pay up. By. Although Samsung was found liable for infringing on six mobile patents from Apple and is supposed to pay $1.049 billion, that was determined by the jury, not the judge. Unfortunately, the many publications who reported on Samsung's unorthodox payment were duped. El Deforma reported that Samsung, in a bid to get even with Apple, had a fleet of dump trucks bring the billion-dollar fine to California in nickels. A story is sweeping through the web that Samsung has paid Apple all the money it was ordered to after the trial between the two companies. "You can use your coins to buy refreshments at the little machine for life or melt the coins to make computers, that's not my problem," Lee Kun-hee, Chairman of Samsung Electronics, allegedly told readability.com. Not sure if anyone mentioned this or not, but Samsung paid Apple $1 billion in nickles. Before any payments are made, the judge would have to agree in the decision to come Sept. 20 or Dec. 6. Of course with this billion dollar Samsung Apple lawsuit figure floating about the web, it's not surprising that a year old hoax about Samsung paying Apple 1 billion in nickels or pennies would resurface again. Does the ‘It’s a Wonderful Life’ Swimming Pool Still Exist? The jury decision awarding Apple $1.05 billion in damages had been issued only a few days earlier, and damages as large as this are not paid off nearly so quickly. Published. The story is far from the truth, however. They sent Apple 30 trucks filled with … Several days later, that decision was spoofed in a humor piece (translated from the original Spanish) positing that Samsung had paid off the award in nickels: Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins. For example one method could be by weight of each truck full and empty divided by the weight of each 5cents coin. Finance, and from there, many media outlets ran the story as legitimate. Facebook. 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. This brought the total settlement amount to nearly $1 Billion dollars. Reports broke that Samsung paid Apple a $1 billion fine- the result of a longstanding legal patent battle between the two electronics companies-in nickels. Apple has previously paid Samsung Display a penalty as well. Samsung Pays Apple $1 Billion In Nickels. Did Second COVID-19 Stimulus Include Foreign Aid? In August 2012, the business and technology worlds were rocked by a decision in a patent infringement lawsuit which had a jury finding that Samsung, the world’s largest maker of cell phones, had copied patented features of Apple’s iPhone and iPad technologies in several of its products, and awarding Apple $1.05 billion in damages. Rumor has it the infamously named town has officially been bowdlerized. In nickels. Apple handed almost $1 billion to Samsung after failing to order enough OLEDs A result of slow iPhone sales By Rob Thubron on July 14, 2020, 5:18 REPORTS that Samsung paid Apple a $1 billion fine in coins is a complete internet hoax. The rumor all started with the news that more than 30 trucks carrying coins of 5 cents reached Apple’s headquarters in California. Samsung is challenging it. According to the U.S. Mint’s website, only 1.02 billion nickels were minted in 2012. A story you may have seen floating around your Facebook feed about Samsung paying off its billion dollar judgement awarded to Apple entirely in nickels is. Samsung was ordered to pay Apple $290 million in the latest patent dispute case. Is the story Samsung paid off a $1.05 billion judgment awarded to Apple in a patent infringement lawsuit entirely in nickels true? A total of 20 billion coins to arrive this week. Did a Woman Get Fired After Donating a Kidney on Her Boss’ Behalf? August 26, 2012. No, mRNA COVID-19 Vaccines Do Not ‘Alter Your DNA’. Reports broke that Samsung paid Apple a $1 billion fine- the result of a longstanding legal patent battle between the two electronics companies-in nickels. Instagram. To pay off $1.05 in nickels would require a huge investment by Samsung to physically collect all of the nickels in a bizarre supervillain type of scheme, and then ship them to Apple. The funny part is that the signed document does not specify a single payment method, so Samsung is entitled to send the creators of the iPhone their billion dollars in the way they deem best. They found that Samsung infringed on a series of Apple’s patents on mobile devices, awarding Apple more than $1 billion in damages. Apple has previously paid Samsung Display a penalty as well. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Aug 31, 2012 - Reports broke that Samsung paid Apple a $1 billion fine— the result of a longstanding legal patent battle between the two electronics companies—in nickels. First, Samsung will first ask the trial judge to toss the verdict. To enjoy our website, you'll need to enable JavaScript in your web browser. The story was completely false, fabricated by Mexican website El Deforma- known for its fake news. They also reported that Tim Cook, the CEO of the electronics giant, was called by Samsung executives to confirm the payment. Initially, the security company that protects the facility said the trucks … That may be no better, though, as the Korean electronics company could have the fine tripled, according to The Guardian U.K. Another warning sign for those reading the fake report should have come up when the fine was mentioned. "That's not my problem. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Did David Bowie Say He Supports Fascism and Call Hitler a ‘Rock Star’? Is this story true or false? Was Fucking (the Town in Austria, That Is) Renamed? Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins More than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Apple could get an idea from the Samsung insiders the method by which the $ 1 Billion in 5 cents was counted / confirmed by Samsung. A viral bit of copypasta falsely claiming to have been authored by Robert F. Kennedy... Did Eric Clapton Once Unleash a Racist Rant Onstage? NewsComAu November 21, 2013 11:50am. Does AstraZeneca’s COVID-19 Vaccine Contain Aborted Fetal Cells? According to the U.S. Mint’s website, only 1.02 billion nickels were minted in 2012. Then it will appeal to a court in Washington that specializes in patent appeals. 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 way. Moving Traditional Seminary Training Beyond Online Education, 20 Courses For Self-Improvement Through the Bleak Winter Months, Dinner Churches and how the coronavirus is shaking up the traditional model (part 2), Federal agents raid home of ‘person of interest’ in Nashville explosion; possible ‘suicide bombing’, This week in Christian history: ‘Left Behind’ released, ‘O Little Town of Bethlehem,’ John Machen, Boko Haram kills 11, abducts priest in Christmas Eve attack on Christian village. Divers Exploring Titanic Make ‘Deeply Shocking’ New Discovery? Samsung Pays Apple $1 Billion Fine in Nickels? This will not be the first time that Apple has to pay a penalty to Samsung Display for buying fewer OLED panels than previously agreed. 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 … Many readers who came across the article as it was circulated online mistook it for real news, even though the original and its most common reproductions were labeled as “humor” and “satire.” But even for those who encountered it out of context, several aspects of the story should have stood out as implausible: A. That means they sent . ‘Everything Was Forbidden’: Did Orwell’s ‘1984’ Predict COVID-19 Restrictions? This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. A jury rules Samsung smartphones and tablets violate patents held by Apple. This material may not be reproduced without permission. While the $1 billion fine has yet to be finalized, Samsung will see other penalties for violating patents. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. The story posted on facebook and on the internet is a hoax, although it spread quickly because this would be an awesome story, if it were true. Samsung will dispute their claims in court in July 2012. That's a pretty good Fuck You! 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 way. No, A Nurse in Alabama Did Not Die from COVID-19 Vaccine. 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… There's a rumour doing the rounds on social media that when Apple won the mutual patent infringement case with Samsung, the South Korean firm tried to pay its $1 billion fine in nickels The fake story was perpetuated by Yahoo! No, Samsung didn’t pay Apple in Nickels, but here is the background (Well, the image above almost surely happened. 20 billion coins can hardly fit in 30 trucks- it would take 2,755 18-wheeler trucks to carry that much money, estimated Ken Tindell via Twitter. Short changed, then Apple could take it up with them logo are registered service marks of Snopes.com anyone. Way to the Cupertino company 's headquarters, where the millions of coins were unceremoniously dumped nickels were in... It the infamously named Town has officially been bowdlerized total of 20 billion to. 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