Tech company Samsung did not pay rival Apple $1 billion in coins. The hoax has been circulating on social media for almost a decade. Posts display a person carrying glasses as coins circulate right into a container, alongside textual content that reads: “Samsung can pay Apple $1 Billion Fine through sending forty two vans full of Pennies”. One user with more than 45,000 fans amplified the hoax in Oct. 2021
The claim was also previously debunked by sites like Snopes and Fortune when the claim was first shared online in 2012. The claim was shared in a satirical blog post in 2012, although some readers were misled into believing the claim was authentic, Snopes reported. Samsung never paid Apple a $ 1 billion fine. In addition, Reuters did not find any news articles suggesting that Samsung paid Apple a fine in coins. In August 2012, Samsung was fined $ 1.05. 1 billion in damages to Apple after a jury found that critical functions of the iPhone and iPad were copied. A US judge later cut the damages and ordered a new trial for some of the damages. $ 539 million.Samsung and Apple settled the case a month later, in June 2018, after seven years of litigation. The terms of the contract were not disclosed at the time. Even the image circulating on the internet has nothing to do with the agreement company. The original picture of the man with the coin box was taken by photographer Stephen Hilger on August 8, 2007 and can be viewed on Getty Images. Part of the caption on Getty Images reads: "Mike Spinosa, a pit driver at U. Mint, transfers penny blanks before converting them to pennies on Wednesday August 8, 2007 in Philadelphia, Pennsylvania. Samsung officials did not respond to a request for comment at the time of publication.
VERDICT
False. Samsung did not pay a fine worth $1 billion to Apple in coins. The claim is an old hoax that has been circulating online since 2012.
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