Samsung Pays Apple In Coins; $1.05 Billion in Small Change, Hoax Story?
Would you believe that Samsung sent 30 trucks to Apple headquarters in California to pay the company $ 1.05 billion all in 5-cent coins? Rumors are circulating that it truly happened, but the news is all a hoax that has been circulating on the web.
One of the first sites to carry the story was paperblog.com, which "reported" that 30 trucks arrived at Apple headquarters carrying the small change payment and that security did not let them through because of scheduling and authorization issues, however, a call to the CEO gave them clearance to go inside.
International Business Times described the rest of the hoax news.
The legal documents signed by Apple and Samsung did not specify a manner of payment by which Samsung could pay Apple for patent infringement," they said. "The paperblog story also quoted Lee Kun-hee, Chairman of Samsung Electronics, as saying: '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 was created after Samsung promised to fight against the ban Apple placed on their products in the U.S.; Apple issued a request at the U.S. District Court for Northern California to ban eight of Samsung's products from being sold in the U.S.
On Friday, a court ruling declared that 28 of Samsung's products had trespassed against Apple's patent and $1.05 billion was given to Apple from Samsung for damages. Samsung, however, will have the option of appealing any injunction or filing a motion to stop it.
There are also rumored reports that Apple's iPad Mini release date is expected to be around a similar time as the Samsung Galaxy Note 2. Though they are two different devices, they are still competing in the same market and close proximity release dates might affect the sales for each item.
Shaw Wu, an analyst at Sterne Agee & Leach Inc. told Bloomberg that the iPad Mini "would be the competitors' worst nightmare," though the Galaxy does offer some noteworthy features.
