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Hoax: Samsung paid Apple its $1bn damages in nickels [Update]

This is kind of funny. A story is sweeping through the web that Samsung has paid Apple all the money it was ordered to after the trial between the two companies. In nickels.

The story goes something along the following lines: the South Korean tech giant paid the US$1.049-billion dollars in damages owed to its US counterpart five cent pieces, shipping through the cash in 30 armoured trucks. A sort of witty riposte to the ruling in the recent trial between the two if you will.

Also read: The jury: why Apple was never going to lose against Samsung

This is, of course, a hoax. While no major news outlets bit, the story did get enough traction to become a sort of minor meme on 9Gag.

The origin of the hoax appears to have been a Spanish-language site, with the following quoted on various forums:

Update: Some Memburn commentors have suggested that the actual origin of the story was El Deforma, a Mexican take on satirical news site The Onion.

USA – This Morning arrived more than 30 trucks filled of 5 cents to the HQ of Apple, California. At first glance the security detoured the trucks and they assured they were on the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO that is the payment method for the recent fine applied against the South Korean company.

The report even cites so-called experts, saying that Samsung would indeed be able to get away with something like this:

Law experts confirm that if court documents do not specify how a company or person is to pay of a judgement he or she can pay in whatever denomination they’d like as long as it is paid off in the currency that is stated in the judgement.

Thing is, Samsung’s made it abundantly clear that it intends to appeal the ruling in the trial between it and Apple. And if 30 armoured trucks had suddenly appeared at Number One Infinite Loop, you wouldn’t have been able to move for all the Silicon Valley press there.

Author | Stuart Thomas

Stuart Thomas
Stuart is the editor-in-chief of Engage Me Online. After pursuing an MA in South African literature, he spent five years reporting on the global technology scene. Intrigued by the intersection of technology and work, he joined Engage Me as the editor-in-chief. He is a passionate runner, and recently ran... More
  • James Speirs

    Totally the best article I’ve ever read.

  • Mic

    the problem is whole weight of all those coins (without bags ) would be 104900t so for one truck it would be aprox. 3497t thats a hell of a truck

  • lolwut

    False! $ 1 billion = 20,000,000,000 5-cent coins. Each has volume of 0.59 ml. Total volume will be 11,800,000,000 mL or 11,800,000 L. A huge tank truck can carry 34, 000 L. Aka you need roughly 347 trucks to carry all the money to Apple’s headquarter.

  • Diana

    The news was created by an online JOKES journal! here the original one:
    http://eldeforma.com/2012/08/27/samsung-paga-multa-de-1-billon-de-dolares-a-apple-en-monedas-de-5-centavos/ :D (you need to accept that it was a good one :P)

  • Paully

    really sheldon.

  • Ravi

    this looks like how some city paid the city of zwolle in the netherlands

  • Jack
  • frenchris

    hahaha, good one Paully

  • Karl
  • Calinx

    The Spanish site is actually a Mexican site, just written in Spanish. Would be great if you correct it, and be more careful next time please

  • marcus
  • Sad but true

    The original was posted in El Deforma (http://eldeforma.com/2012/08/27/samsung-paga-multa-de-1-billon-de-dolares-a-apple-en-monedas-de-5-centavos/) which is the Mexican The Onion. This is to show how journalism work in Mexico. Even Yahoo! Finance thought it was true. Sad. http://mx.finanzas.yahoo.com/noticias/samsung-paga-multa-de-mil-mdd-a-apple-con-monedas-de-5-centavos.html

  • Bitch Please there out are trucks that can carry up to 250 L

  • Michael Thompson

    You also have to take into account the non-tileable shape of the coin… if you haven’t already.

  • tupapa

    Paully Q nerdo guey!

  • andrei

    I had my doubts with this calculation, so… I decided to do it myself :D
    1 billion dollars = 1 000 000 000 dollars
    1 dollar = 20 * 5 cent coins
    1 000 000 000 dollars = 20 000 000 000 * 5 cent coins

    then I looked up for the 5 cent sizes
    Diameter = 21.21 mm
    Thickness = 1.95 mm

    Volume of a cylinder

    radio is half the diameter -> 21.21/2 = 10.605 mm
    V = PI * 10.605mm * 10.605mm * 1.95mm = 6.1261056745 mm3
    6.1261056745 mm3 = 0.0000061261 dm3 per coin

    If we also remember
    1dm3 = 1 L
    so we have 0.0000061261 L in a 5 cent coin

    0.0000061261056745*20 000 000 000 = 122,522.11349 L total

    Then I looked up for tank trunks capacities
    Large trucks – 21,000 to 34,000 L
    Smaller tank trucks – 11,000 L;
    trunks used to deliver fuel – 3,800 L

    so if they used 30 trucks
    122,522.11349 / 30 = 4084.07044967 L per truck.

    Which means they would just need around 30 small trucks to carry it all.

    But since is probably just a hoax… I would guess the one who did this made a similar calc… or just a lucky guess XP

  • David Wood

    there are only about 15.1 billion nickels made since 2000, it would take a while to collect. I think they could do it using just coins, in about 100 16 tonne dump trucks (about 10 cubic yards or 8 cubic meters). You could hire 100 16 tonne dump trucks pretty easily for a day, as they are the most common type. You would have no problem locating 20 or 30 more of them if they were needed.
    The most difficult thing would be finding enough dollars, quarters, nickels and dimes to make up 1 billion dollars.
    If samsung do have to pay, I think this would be the most awe inspiring ‘F. You!’ possible.

  • annon

    from where did you copy this comment? fourth time i see this today…

  • Erasmo

    The real orgin was in eldeforma dot com (parody of El Reforma), similar to onion news: http://eldeforma.com/2012/08/27/samsung-paga-multa-de-1-billon-de-dolares-a-apple-en-monedas-de-5-centavos

  • That’s right, eldeforma was the author of this joke, and now they will demand yahoo.com for plagiarism!!!!


  • Jess

    you must be really fun at parties

  • joe phils

    you guys are looking at it the wrong way WEIGHT will be the factor not volume a dime weighs 5 grams x 20,000,000,000 = 100,000,000,000 grams = 100,000,000 Kilograms = 100,000 Metric ton lets be generous and assume a big truck can carry 100 metric tons each you need a thousand trucks

  • eugenek

    how is Pi * 10 * 10 * 2 = 6?

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  • Timmy

    Haha if this really happend trolling at its finest

  • I doubt anyone that uses “aka’ in such a retarded and out of context fashion.

  • dakhoos

    more than $10 (or $100) in coins is not legal tender

  • Ryan Ong

    Simple: There aren’t $1billion worth of 5 cent coins in circulation, which makes it flat out impossible.

  • The metal value of the 5-cent coin (about 75% copper), is higher than its monetary value.

  • XG_Beijing

    assume a big truck can carry 100 metric tons each —- come to China and we will show you what a truck is.

  • phillis

    mahahahahahahahahahaha!!!!!!!china is full of magical!!LOL

  • I hope they pay it this way if they lose

  • Hold on !! In another news…. 299 Trucks carried nickels, 1 Truck carried Dumb Mathematicians. Did you guys miss the Truck ? :D

  • Deepak

    You have so much of free time …

  • That is why I use this tool to find out the truth of any news: comparing different news sources’ coverage of developing stories http://www.ctrl-search.com/Follow/

  • werd0

    math club parties i guess.

  • Captain of the football team

    holy fuck batman, this is an explosion of small penis’d men who carry a texus instrument calculator with them everywhere they go, hey dipshits they said its a hoax, which = IT’S FAKE so stop using your Saturday night “free” time to calculate something that wasn’t real to begin with. DUR DUR DUUR (Your friendly Jock) :)

  • bad thing you forgot that each coin is circular and therefore it’s impossible to take up all the maximum volume in container when you put in the coins… therefore one needs more trucks

  • TD

    This is fake..
    This would take 20,000,000,000 nickels to pay this
    20 nickels= $1.00 times a billion = 20,000,000,000
    Each nickel weighs 5 grams, this is a total of..
    100,000,000,000 grams
    There are 453.592 grams in a pound
    100,000,000,000 divided by 453.592 = 220,462,442 pounds (rounded to the lowest pound)
    At the Maximum, Each truck may be able to carry as much as 40,000 pounds (this is a very high estimate)
    220,462,442 divided by 40,000 = 5511
    This would take at least 5,511 trucks to carry a load like this.. 

  • td

    You looked up volume.. now look up weight …. there is no way a money truck can carry weight like this and be allowed on the roads legally.. weight is 220,500,000 pounds (about)… try and fit that into a legal single axle truck on the roads.

  • Christopher Smith

    Exactly. Have people never heard of “I.e.”?

  • Christopher Smith

    That was almost English. Ps. 250 litres is like 25 buckets.

  • Christopher Smith

    “Texus”? Yeah and Apple’s from Culifernia.

  • Mike

    Job for the Mythbusters?

  • manoj

    oops…wt a calculation.???

  • ggg bountygiver

    Calculators are magic! I believe they only spent less than 10 minutes doing this.

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  • Alaa

    for whom trying to calculate the number of truck
    you calculated the volume as one unit. but still the air space between them, the randomness of layering of coins and many other factors.

  • xerutan rid

    you really know the math, but you forget the chemistry. same sized item that made from different material have different weight, you can’t count the weight based on math alone. but is is a hoax anyway, so yeah..

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  • STFU

    nigga u gay

  • Guest

    Does it matter whether or not 30 trucks could deliver however many nickels????

  • This is not true anymore.

    It was the law until the Coinage Act of 1965 specified that all
    U.S. coins are legal tender in any amount. However, even in cases where
    legal tender has been agreed to as a form of payment, private businesses
    are still free to specify which forms of legal tender they will accept. which is how some businesses refuse to accept any bill larger than a 20.

  • Intolerable Ignorance

    Both adjectives are equally valid. The author could have been referencing the country of origin or the language in which it is written. Nothing states that the country-based adjective should be used instead of the language-based adjective, and one could actually argue the opposite. It is not recommended to be so sensitive, and if you must, please at least verify that an issue exists.

  • BDUB

    a more obvious way to look at this is finding out how many nickels are actually in circulation. Id be willing to bet that, logistics aside, the real problem would be acquiring all of those nickels in the first place.

  • jatazoulja

    Now this is the real sheldon… or you might be asian! :D

  • guest

    your calculation might be right if the coins were made of plastic

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  • T1m

    Read the article again… ‘delivery hope to finish this week’ …. Try reading maths boffs…no one said all the coins were in 30 trucks.

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  • research it…
  • Marcelo Cantos

    That doesn’t answer @eugenek’s question. π×10²×2 = 689 mm³. Google’s answer is the same, but is expressed in mL.

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