Did Samsung Actually Pay Apple 1 Billion Dollars in Nickels?

Posted on August 30th, 2012 by

The latest story from the very high-profile Apple vs. Samsung patent battle is that Samsung is going to pay its debt in nickels.
As you probably all heard, Samsung was found guilty of violating various Apple’s patents by essentially making smartphones that are too similar to the iPhone. In addition, Samsung was also found to be in violation of several Apple software patents including elements of the smartphone user design and interface. Apple, for example, was the first company to market a touch-screen interface featuring the ability to zoom in and out by pinching your fingers. Apple also owns patents on certain aspects of screen scrolling behavior, including the way a scrolling screen shakes when pushed too far.
We do believe that Apple’s claims are ridiculous and they are acting like a cry baby when a sibling gets a similar toy. Unfortunately, they won (some would say that it is only thanks to home field advantage) and Samsung still has to pay.

Websites and blogs from all over the world have announced today the arrival of 30 trucks loaded with 5 cents coins to Apple’s California headquarters. Minutes after the trucks arrived, Tim Cook (Apple CEO) received a call from Kwon Oh-Hyun (Samsung CEO) explaining that this is the payment of their debt. Apparently the verdict document did not specify the payment method so Samsung could pretty much do whatever they want.

We broke down the numbers for you:
1 billion dollars equals 20 billion nickels. Each nickel weighs 5 grams which means that 20 billion nickels weigh 100 billion grams. 100 billion grams are 100 million kilos; this is 27% of how much the empire states building weighs! If we put the coins right next to each other we could almost circle the earth.

This data is what made us feel a bit skeptical about the whole story and it indeed turned out to be a hoax. That’s too bad, because we would pay anything to see the look on Tim Cook’s face when he first saw the trucks.

Samsung will in fact pay Apple over 1 billion dollar, most likely by money transfer, but we are certain that this is not going to slow the South-Korean company down and it will only bring to bigger, greater things.

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