Joined Apr 19, 2012 Messages 12,062 (3.90/day) Location Gypsyland, UK System Specs. A hearing was scheduled for September 20. The message is a hoax. No, Monica Lewinsky’s Son’s Body Has NOT... Have Saudi Scientists Concluded that Women Are... Are Weird Human-Dog Hybrid Creatures Being Sold... False and Damaging Rumour – ‘RSPCA Paid... What Is Facebook Cloning And How Can I Protect Myself From It? But, there are no legitimate news reports about the supposed payment, only fake news articles and wide-eyed blog posts. Thread starter RCoon; Start date Nov 21, 2013; Status Not open for further replies. Judge Lucy Koh wanted both sides to be ready for a hearing on the matter in two weeks, but Samsung’s team argued that wasn’t enough time. The award “is just large enough to make it the largest surviving patent verdict in history.”. It's a joke that some people took seriously. Nope. Post was not sent - check your email addresses! We think it has interesting long-term potential." The story was soon republished in English on various other humour websites, before finally escaping its satirical origins and making its way around the Internet via the blogosphere and social media. The lawsuit is the largest yet in the ongoing worldwide patent brawl between the two companies, which itself is just one battle in Apple’s war against Google’s Android mobile operating system. Over the past couple of days, various rumours have indicated that Samsung paid Apple $1.5 billion in 5 cent coins. It’s a funny story to consider, but it’s not true. Samsung pays $1bn USD fine to Apple with 20 billion 5 cent coins: a spoof article that was widely re-reported on news networks in November 2013 despite being demonstrably impossible (there are barely that many nickels in circulation, for a start). After the trial was over, all nine jurors opted to leave through a back door of the courthouse to avoid speaking with the mass of reporters waiting at the front entrance. “It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies. Apple and Samsung had one other major patent battle, which was first decided in 2014 but didn’t end until last year. According to the story, which circulated in the form of a “news” article, the payment agreement did not specify exactly how the penalty was to be paid, so Samsung could pay in any way it wished. I. A South Korea shop manager shows Samsung Electronics' Galaxy S mobile phone, right, and Apple's iPhone 3G. This indicates that MacBooks and iPads using Samsung's OLE… That $681 million represents less than 0.3% of Apple's projected revenue this year, so it's safe to say that this one-time payment won't hurt the tech giant. In 2012, a jury ruled that Samsung must pay Apple more than $1 billion for copying various hardware and software features of the iPhone and iPad. CNN’s Heather Kelly, John D. Sutter and Dan Simon contributed to this report. And, if the fleet of coin-laden trucks did turn up, Apple would probably have the right to refuse them and demand payment via a more sensible manner. Apple Pay has some big competitors now, including Google's just-announced Android Pay platform that will work with Google Wallet. Over 30 trucks were allegedly sent to the Cupertino company's headquarters, where the millions of coins were unceremoniously dumped. An issue still to be decided is whether to grant injunctions that could prevent Samsung from selling products that infringe on Apple’s patents. Hoax-Slayer is owned and operated by Brett Christensen. “It will lead to fewer choices, less innovation, and potentially higher prices,” the company said in a statement. RCoon. As Snopes -- the Urban Legend debunking site -- makes clear, a billion dollars in nickels would be just about every nickel in circulation worldwide. In fact, the very same picture has been posted in various contexts online since at least 2007. PHOTO: 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. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), circulated in the form of a “news” article, Nonsensical ‘Instagram Privacy Policy’ Hoax Circulating Rapidly. 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 Reports that Samsung paid off a $1.05 billion judgment awarded to Apple in a patent infringement lawsuit entirely in nickels are fake news. Here's how to find out what mobile payment app is right for you. Message circulating via social media claims that Samsung paid a 1 billion dollar patent infringement penalty to Apple in 5 cent coins delivered in more than 30 trucks. In fact, the story began life as a satirical article on a humour website and was never intended to be taken seriously. The story began life on a satirical humour site, but soon escaped the confines of its original context and began circulating in the guise of a genuine news item. The jury did not recommend awarding Samsung any money in its counterclaims that Apple had violated some of its patents. The story began life on a satirical humour site, but soon escaped the confines of its original context and began circulating in the guise of a genuine news item. Samsung will continue to innovate and offer choices for the consumer.”, Apple praised the court for “sending a loud and clear message that stealing isn’t right.”. To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. Did Samsung Pay a $1 Billion Fine to Apple in 5 Cent Coins? PARK JI-HWAN/AFP/Getty Images. Soon after, a story began circulating that claimed that Samsung had paid the massive fine in 5 cent coins, which it supposedly had delivered to Apple headquarters in a fleet of 30 trucks. Try using just one or two relevant keywords. All rights reserved. The jurors had to complete a complicated 20-page verdict form filled with charts and yes or no answers to determine exactly which device violated what patents and which companies were responsible. Though the rumor is not a new one, it has resurfaced once again in an article titled "Lawsuit Paid In Full: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins" on the Blade Brown Show blog. Source: Google, 6/9/2019 It's also near physically impossible. Each side was given 30 minutes to go over the form and search for inconsistencies. Moreover, if the payment had been made in the way described, the event would have captured the attention of the mainstream media and would have been widely reported by news outlets around the world. None other than the "Samsung paid Apple in coins" rumor. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Password reset email has been resent. The Korean court ordered Apple to pay Samsung $35,000 and Samsung to pay Apple $22,000. A nine-person jury spent two and a half days puzzling out its final verdict. Most stock quote data provided by BATS. The article originally posting this was written as satire, which was lost in translation. Disclaimer. No search results? After being sent back to the jury for reconsideration, the total amount of damages was bumped down by about $2.5 million, to $1,049,343,540. Android Pay: Google collects data (what you purchase) and sells that data for targeted advertising. Of course, while an entity might daydream about truckloads of small change as a fitting way of paying off what it considered an unjust penalty, in reality, the logistics of undertaking such an exercise would be daunting indeed. The first version of the story may have been published in Spanish on the satirical website El Deforma on August 27, 2012. This site uses Akismet to reduce spam. Verification email has been resent. Hoax-Slayer debunks email and social media hoaxes, thwarts Internet scammers, combats spam, and educates web users about email, social media, and Internet security issues. Aaron Pereira Aug 30, 2012 10:05:13 IST. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. https://www.cnn.com/2012/08/24/tech/mobile/apple-samsung-verdict Sorry, your blog cannot share posts by email. Samsung said the verdict should be viewed “as a loss for the American consumer.”. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. All rights reserved. © 2020 Cable News Network. NEW: Hearing set for September 20 to discuss whether to grant injunctions, Jury recommends Samsung pay Apple more than $1 billion in patent trial, The jury did not recommend awarding Samsung any money in its counterclaims, In aftermarket trading, Apple stock jumped more than $12 a share. (adsbygoogle = window.adsbygoogle || []).push({}); No, Samsung did NOT pay Apple in five cent coins and has no intention of doing so. A California jury had awarded Apple the amount in damages, at the end of a long-standing patent infringement dispute with Samsung. While Wedbush Securities analyst Dan Ives said to CNN that Apple’s potential entry into crypto would be “a major shot in the arm” for the industry–indeed, Apple’s market cap is currently five times the size of Bitcoin’s ($188 billion.) The picture was featured in a November 2007 Bloomberg.com article with the caption “One-cent blanks to be struck into pennies”. If an account exists, we've sent an email with a link to reset your password. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Learn how your comment data is processed. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. They currently only support Apple Pay not Samsung Pay or Android Pay. On August 24, 2012, South Korean company, Samsung was ordered via a court ruling to pay rival Apple $1.05 billion after it was found to have “willfully infringed” on several of Apple’s patented devices. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Get all of Hollywood.com's best Celebrities lists, news, and more. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. The image shown in many of the messages has been posted online since at least 2007 and reportedly depicts one-cent blanks that would later be struck into pennies. Story: This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Apple Inc. v. Samsung Electronic Co., Ltd. was the first of a series of ongoing lawsuits between Apple Inc. and Samsung Electronics regarding the design of smartphones and tablet computers; between them, the companies made more than half of smartphones sold worldwide as of July 2012. View the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Jury members used weeks of notes and memories of testimony, 109 pages of jury instructions, and boxes of evidence, including a collection of contested smartphones and tablets as their guide. All times are ET. But, not surprisingly, the claims in the story are utter nonsense. However, recent reports claim that Apple mightadd OLED screens to other future devices -- like the MacBook Pro and iPad -- to appease Samsung. A Silicon Valley jury has ruled that Samsung must pay $290m (£180m) to Apple for copying iPhone and iPad features in its devices. Samsung did not pay Apple $1 billion in pennies or nickels. it´s illogical, there are videos of bunch of trucks loaded with tons of coins geting in Apple headquartes but that´s fake, that was just a rumor, we don´t know yet if Samsung had to pay such money to Apple Nearly five years after Samsung was found guilty in a California court of copying certain aspects of Apple's iPhone and iPad without permission, the South Korean tech giant will finally pay up. Samsung Pay: Samsung makes deals with businesses to offer promotions for Samsung Pay users. Success! All Right Reserved. System Name: HP Omen 17: Processor: i7 7700HQ: Memory: 16GB 2400Mhz DDR4: Mobile and contactless payments options range from Apple Pay, Samsung Pay and Google Pay, where consumers use smartphones or smartwatches to pay in … – 4 Reasons Why Participating In Bogus Facebook Giveaways Is NOT Harmless, Free Cadbury Hampers Giveaway Scam Hitting Facebook (Again), Another Absurd COVID-19 Themed Scam Attempt, Netflix ‘Your Auto Payment Cannot Process’ Phishing Scam Email, Three Malware Distribution Methods You REALLY Need to Know About, Beware of Fake SMS Promising Cash and Prizes from Celebrities, Hoax – NASA Predicts Total Blackout of Planet in December. News, and samsung pays apple in coins cnn 's next-gen MacBook Pros and iPads will use microLED screens instead of ones! Inc. all Rights Reserved Mercantile Exchange Inc. and its licensors not true, there are legitimate! A statement its licensors, Fri August 24, 2012 Messages 12,062 ( 3.90/day ) Location Gypsyland, UK Specs! 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