The chapter between mobile device makers Samsung and Apple concluded with a federal court jury in San Jose ordering Samsung to fork over a total of $598 million in damages for patent infringement.
Apple had filed a lawsuit against Samsung alleging that Samsung had made smartphones that were too similar to the iPhone in design and Samsung was found guilty.
The Blade Brown Show blog had published a story on their website almost a week ago claiming that Samsung had paid Apple a $1 billion settlement and that too in nickels. This story has been flooding the internet since then.
It shortly emerged that Samsung would be cheekily arriving at the doorstep of Apple’s HQ with 30 dump trucks full of nickels (5 cent coins).
Since 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. This, however, was a lie spawned by a Spanish newspaper.
Besides to put 20 billion nickels in one place would basically come down to Samsung collecting all of the nickels minted in the last twenty years and actually 2,755 trucks as opposed to 30 – each capable of lugging 40 tons worth of coin.
That’s something that wouldn’t go unnoticed. Also according to US Treasury laws, Apple had a legal right refuse to make the transaction if Samsung had indeed attempted to pay with coins.
Apple said in an interview that it was always more than patents and money for the tech giant. “It has always been about the innovation and the never ending hard work of its employees that goes into inventing such products and designs that are loved by the people. While it’s impossible to put a price tag on those values, we are grateful to the jury for showing Samsung that copying has a cost.”
So we can conclude that Apple was not paid $1 billion in nickels by Samsung.