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29.12.2020

samsung pays apple in coins cnn

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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). 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. Apple Pay has some big competitors now, including Google's just-announced Android Pay platform that will work with Google Wallet. 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. https://www.cnn.com/2012/08/24/tech/mobile/apple-samsung-verdict Over the past couple of days, various rumours have indicated that Samsung paid Apple $1.5 billion in 5 cent coins. No search results? © 2019 - Brett M Christensen. A … Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. The award “is just large enough to make it the largest surviving patent verdict in history.”. 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. The judge and lawyers from both Apple and Samsung continued to discuss the jury forms late Friday afternoon. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. It's a joke that some people took seriously. 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.) Updated It's also near physically impossible. We think it has interesting long-term potential." 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. Sorry, your blog cannot share posts by email. All rights reserved. Apple and Samsung had one other major patent battle, which was first decided in 2014 but didn’t end until last year. CNN’s Heather Kelly, John D. Sutter and Dan Simon contributed to this report. Source: Google, 6/9/2019 As Snopes -- the Urban Legend debunking site -- makes clear, a billion dollars in nickels would be just about every nickel in circulation worldwide. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. 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. 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. Mobile and contactless payments options range from Apple Pay, Samsung Pay and Google Pay, where consumers use smartphones or smartwatches to pay in … 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. A hearing was scheduled for September 20. 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. If an account exists, we've sent an email with a link to reset your password. Password reset email has been resent. – 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. 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. Factset: FactSet Research Systems Inc.2018. 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? 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. Did Samsung Pay a $1 Billion Fine to Apple in 5 Cent Coins? RCoon. A Warner Media Company. 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. 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 10:47 PM EDT, Fri August 24, 2012. Verification email has been resent. None other than the "Samsung paid Apple in coins" rumor. 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.”. Aaron Pereira Aug 30, 2012 10:05:13 IST. 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. 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. Story: This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Judge Koh and Samsung spotted a problem with the damages amount for a Galaxy Tab model. 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. The jury did not recommend awarding Samsung any money in its counterclaims that Apple had violated some of its patents. The message is a hoax. Thread starter RCoon; Start date Nov 21, 2013; Status Not open for further replies. Reports that Samsung paid off a $1.05 billion judgment awarded to Apple in a patent infringement lawsuit entirely in nickels are fake news. Learn how your comment data is processed. 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. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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. Samsung said the verdict should be viewed “as a loss for the American consumer.”. 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. But, not surprisingly, the claims in the story are utter nonsense. Samsung pays Apple $1 Billion in 5 cent coins. 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 This site uses Akismet to reduce spam. 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. Samsung Pay: Samsung makes deals with businesses to offer promotions for Samsung Pay users. This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. 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. On Thursday, however, Jennifer Bailey, vice president of Apple Pay, told CNN: "We're watching cryptocurrency. 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. 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 … A Silicon Valley jury has ruled that Samsung must pay $290m (£180m) to Apple for copying iPhone and iPad features in its devices. Each side was given 30 minutes to go over the form and search for inconsistencies. ‘No Harm Done?’ Think Again! All Rights Reserved. Joined Apr 19, 2012 Messages 12,062 (3.90/day) Location Gypsyland, UK System Specs. Hoax-Slayer is owned and operated by Brett Christensen. Nope. Even many low … Apple had asked for $2.7 billion in damages, claiming that Samsung “ripped off” its iPad and iPhone designs. They currently only support Apple Pay not Samsung Pay or Android Pay. A nine-person jury spent two and a half days puzzling out its final verdict. 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. We think it's interesting. PHOTO: System Name: HP Omen 17: Processor: i7 7700HQ: Memory: 16GB 2400Mhz DDR4: Updated July 14, 2015 Originally published August 2012 To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. Disclaimer. The article originally posting this was written as satire, which was lost in translation. 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. In fact, the very same picture has been posted in various contexts online since at least 2007. 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. All rights reserved. Try using just one or two relevant keywords. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. (adsbygoogle = window.adsbygoogle || []).push({}); No, Samsung did NOT pay Apple in five cent coins and has no intention of doing so. 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. No, Samsung did NOT pay Apple in five cent coins and has no intention of doing so. I don´t really think so, where would Samsung get so many million 5 cent coins ? 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. 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. The picture was featured in a November 2007 Bloomberg.com article with the caption “One-cent blanks to be struck into pennies”. 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. All Right Reserved. However, recent reports claim that Apple mightadd OLED screens to other future devices -- like the MacBook Pro and iPad -- to appease Samsung. 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. Thus, as might be expected, Samsung looks set to exact its revenge against Apple via ongoing legal channels rather than via a juvenile payment stunt. A California jury had awarded Apple the amount in damages, at the end of a long-standing patent infringement dispute with Samsung. © 2020 Cable News Network. All times are ET. Samsung countersued Apple for infringing on five of its patents and asked for $519 million. But, there are no legitimate news reports about the supposed payment, only fake news articles and wide-eyed blog posts. In fact, the story began life as a satirical article on a humour website and was never intended to be taken seriously. 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