Thread starter RCoon; Start date Nov 21, 2013; Status Not open for further replies. They currently only support Apple Pay not Samsung Pay or Android Pay. The message is a hoax. 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. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Apple and Samsung had one other major patent battle, which was first decided in 2014 but didn’t end until last year. Aaron Pereira Aug 30, 2012 10:05:13 IST. © 2020 Cable News Network. A nine-person jury spent two and a half days puzzling out its final verdict. We think it's interesting. 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. It's a joke that some people took seriously. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. I'm trying to decide on a "new" phone and if Samsung Pay sometimes requires physically touching a terminal it's of no additional benefit over NFC-only Google Pay. 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. If an account exists, we've sent an email with a link to reset your password. Joined Apr 19, 2012 Messages 12,062 (3.90/day) Location Gypsyland, UK System Specs. 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. Apple Pay: Apple takes a 0.15% cut (15¢/$100) from the card issuer/bank fees, you pay the same amount and the merchant receives the same amount as a regular card transaction. Try using just one or two relevant keywords. Success! 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. 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. In fact, the story began life as a satirical article on a humour website and was never intended to be taken seriously. Despite the initial ruling, the case is far from over and according to The Australian: Samsung also is seeking to strike out the original court verdict and according to the Korea Times, is making preparations to counter “nearly every patent issue” that went against it in the US litigation, with parallel litigation pending across the world. Learn how your comment data is processed. Verification email has been resent. Samsung pays Apple $1 Billion in 5 cent coins. This is not the final word in this case or in battles being waged in courts and tribunals around the world, some of which have already rejected many of Apple’s claims. Samsung did not pay Apple $1 billion in pennies or nickels. Disclaimer. CNN’s Heather Kelly, John D. Sutter and Dan Simon contributed to this report. CNN Sans ™ & © 2016 Cable News Network. Post was not sent - check your email addresses! (adsbygoogle = window.adsbygoogle || []).push({}); No, Samsung did NOT pay Apple in five cent coins and has no intention of doing so. Updated “This is a huge win for Apple,” Mark Lemley, a Stanford law professor, said in an e-mail. Apple Pay has some big competitors now, including Google's just-announced Android Pay platform that will work with Google Wallet. Factset: FactSet Research Systems Inc.2018. A hearing was scheduled for September 20. However, KGI Securities analyst Ming-Chi Kuo believes that Apple's next-gen MacBook Pros and iPads will use microLED screens instead of OLED ones. 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. To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. The judge and lawyers from both Apple and Samsung continued to discuss the jury forms late Friday afternoon. Over 30 trucks were allegedly sent to the Cupertino company's headquarters, where the millions of coins were unceremoniously dumped. System Name: HP Omen 17: Processor: i7 7700HQ: Memory: 16GB 2400Mhz DDR4: An issue still to be decided is whether to grant injunctions that could prevent Samsung from selling products that infringe on Apple’s patents. 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 Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. We think it has interesting long-term potential." 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. The picture was featured in a November 2007 Bloomberg.com article with the caption “One-cent blanks to be struck into pennies”. I. Here's how to find out what mobile payment app is right for you. 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. Judge Koh and Samsung spotted a problem with the damages amount for a Galaxy Tab model. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. This site uses Akismet to reduce spam. 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. 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). But, there are no legitimate news reports about the supposed payment, only fake news articles and wide-eyed blog posts. In fact, the very same picture has been posted in various contexts online since at least 2007. With Kakao’s KakaoPay, Samsung Pay dominates the country’s digital payment sector, partly due to its $200 million acquisition of LoopPay, which allowed Samsung Pay to use its magnetic secure transmission (MST) technology, an alternative to NFC that is used by Apple Pay and KakaoPay. The message is a hoax. A South Korea shop manager shows Samsung Electronics' Galaxy S mobile phone, right, and Apple's iPhone 3G. Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins 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. 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. Get all of Hollywood.com's best Celebrities lists, news, and more. Apple had asked for $2.7 billion in damages, claiming that Samsung “ripped off” its iPad and iPhone designs. Finally, they had to calculate the final damages amounts. No, Samsung did NOT pay Apple in five cent coins and has no intention of doing so. 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 countersued Apple for infringing on five of its patents and asked for $519 million. “It will lead to fewer choices, less innovation, and potentially higher prices,” the company said in a statement. All Right Reserved. No, Samsung didn't pay Apple $1bn in coins REPORTS that Samsung paid Apple a $1 billion fine in coins is a complete internet hoax. 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 No search results? Samsung said the verdict should be viewed “as a loss for the American consumer.”. (adsbygoogle = window.adsbygoogle || []).push({}); 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? Most stock quote data provided by BATS. All rights reserved. A … 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. On August 24, a South Korean court found that both parties had infringed on each other’s patents, banning the sale of the iPhone 3GS, iPhone 4, two iPad models and Samsung’s Galaxy S2. Read More, Hoax-Slayer is part of a business that trades under the name Brett Christensen and has the Australian Business Number (ABN) 12 992 424 947 ABN Lookup. All Rights Reserved. In other words, just another case of a totally made up story escaping the bounds of its original context and being passed around as real news. All times are ET. ‘No Harm Done?’ Think Again! Samsung certainly did not pay its penalty to Apple via truckloads of five cent coins. 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. 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 … None other than the "Samsung paid Apple in coins" rumor. Android Pay: Google collects data (what you purchase) and sells that data for targeted advertising. 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. 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. Hoax-Slayer is owned and operated by Brett Christensen. Samsung Pay: Samsung makes deals with businesses to offer promotions for Samsung Pay users. All rights reserved. Samsung Pay is an incredibly convenient digital wallet service, supporting all types of POS terminals, but apart from adding one big name to its list of US retail partners way back in January, the app hasn't made a lot of headlines lately. This indicates that MacBooks and iPads using Samsung's OLE… I don´t really think so, where would Samsung get so many million 5 cent coins ? PHOTO: Sorry, your blog cannot share posts by email. Updated July 14, 2015 Originally published August 2012 Password reset email has been resent. 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 patents in the creation of its own mobile products. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The jury did not recommend awarding Samsung any money in its counterclaims that Apple had violated some of its patents. 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. 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. – 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. It's also near physically impossible. 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. RCoon. 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. © 2019 - Brett M Christensen. 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. 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. A Warner Media Company. Did Samsung Pay a $1 Billion Fine to Apple in 5 Cent Coins? https://www.cnn.com/2012/08/24/tech/mobile/apple-samsung-verdict But, not surprisingly, the claims in the story are utter nonsense. Even many low … Source: Google, 6/9/2019 However, recent reports claim that Apple mightadd OLED screens to other future devices -- like the MacBook Pro and iPad -- to appease Samsung. 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. Story: This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. 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.) 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 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.”. 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. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. A California jury had awarded Apple the amount in damages, at the end of a long-standing patent infringement dispute with Samsung. Nope. The first version of the story may have been published in Spanish on the satirical website El Deforma on August 27, 2012. PARK JI-HWAN/AFP/Getty Images. Over the past couple of days, various rumours have indicated that Samsung paid Apple $1.5 billion in 5 cent coins. A Silicon Valley jury has ruled that Samsung must pay $290m (£180m) to Apple for copying iPhone and iPad features in its devices. The award “is just large enough to make it the largest surviving patent verdict in history.”. Mobile and contactless payments options range from Apple Pay, Samsung Pay and Google Pay, where consumers use smartphones or smartwatches to pay in … “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. “Consumers have the right to choices, and they know what they are buying when they purchase Samsung products. Each side was given 30 minutes to go over the form and search for inconsistencies. On Thursday, however, Jennifer Bailey, vice president of Apple Pay, told CNN: "We're watching cryptocurrency. The article originally posting this was written as satire, which was lost in translation. Actually procuring so many five cent coins in the first place would likely be extremely difficult, especially in the short time frame between the court ruling and the supposed coin delivery. In aftermarket trading, Apple stock jumped more than $12 a share, to more than $675 a share. Success! 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. And what of the accompanying picture apparently depicting a large volume of coins being made ready for delivery to Apple? 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. As Snopes -- the Urban Legend debunking site -- makes clear, a billion dollars in nickels would be just about every nickel in circulation worldwide. 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