No Change Yet

Have you heard the one about Samsung paying off Apple in nickels?  Samsung, responding out of spite to the court ruling in California, supposedly sent 30 dump trucks filled with nickels to Apple, paying off their $1.05 billion penalty in small change.

In the first place, this verdict was only recently handed down and nothing in our legal system moves so quickly.  It will be months, years, or possibly never before Apple sees that money.  Samsung will first ask the court to throw out the ruling, then appeal, and so the process continues.  In the second place, 30 dump trucks wouldn’t do it.  The U.S. mint didn’t stamp out $1 billion worth of nickels in all of 2011.  You would just about have to gather all the nickels currently in circulation to find $1 billion worth.  If (really big if) you get that many, it would take nearly 3,000 18-wheel trucks loaded down with 40 tons in each one.

Samsung has yet to pay Apple anything, if they ever do.  And it won’t be in nickels.

Thank you Snopes.

About these ads

About Clark Bunch

Clark Bunch is the pastor of Unity Baptist Church and author of God is Near. He and his wife Teresa have one child. In his spare time he enjoys blogging, playing guitar and riding his motorcycle. And coffee, he'd be nowhere without coffee.
This entry was posted in F.Y.I., Uncategorized and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s