Samsung Paid Apple in Coin Just A Hoax!

The internet has indicated that Samsung paid Apple USD1.5b in 5 cent coins. Although this may have been greeted with loud cheers by Samsung fans, it is however, a hoax.

If you missed it (where have you been?) Here’s how the story goes.

Thirty trucks chock-full with 5 cent coins came roaring down the street in front of Apple’s HQ in California. At the gate, the security refused the trucks entry but a CEO-to-CEO phone call supposedly prompted security to clear the way for the trucks. The author even quoted from the Chairman of Samsung stating, “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, I already paid them and fulfilled the law”.

The story originated from the 9gag site which is famous for internet memes and humour contents. People who are familiar with 9gag will immediately pick up on the integrity of the story. But even if you’re not, there are a few tell-tale signs that will straightaway debunk the whole story.

First of all, the one billion fine imposed on Samsung is not payable yet. The judge only declares a verdict and not a ruling. So, until then, Samsung is not obligated to pay Apple. The only money they have to shell out for now is to their lawyers.

Secondly, Apple has every right to not accept Samsung’s payment. In the US, there is no law that forces any businesses to accept currency or coins as for payment for goods or services. They are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.

However, in Malaysia, you can only use coins less than 50 cents up to RM2.00 and 50 cent coins for up to RM10.00. So, if you’re planning on dropping a bag full of 5 cents at the JPJ summons payment counter, you’ve got another thing coming.

And lastly, if you crunch the numbers, Samsung would need to acquire 2,755 18-wheeler trucks to carry all of those coins. Thirty trucks just won’t cut it.

So, there you have. Another myth busted. This is just another example of people believing anything and everything that comes up on the World Wide Web these days.

-SOURCE