Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins!

By DQW NEWS BUREAU - 4 October, 2012

Media is doing round of speculations and making this issue even more hotter than it is actually.

Most interesting and funny media buzz is catching everyone's attention is the $1 bn payment by Samsung to Apple in 5 cent coins denominations.

Posted recently on Paper Blog, Tech Magazine, more than 30 trucks filled with 5-cent coins arrived at Apple's headquarters in California by Samsung.

According to Paper Blog, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.

The website also posted that the signed document does not specify a single payment method, so Samsung is entitled to send the creators of the iPhone their billion dollars in the way they deem best.

According to media reports, Lee Kun-hee, Chairman of Samsung Electronics,told the media that his company is not going to be intimidated by a group of "geeks with style" and that if they want to play dirty, they also know how to do it.

"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", he said.

A total of 20 billion coins, delivery hope to finish this week. Let's see how Apple will respond to this.

(This story is first published on Paper Blog, Tech Magazine: http://en.paperblog.com/samsung-pays-apple-1-billion-sending-30-trucks-full-of-5-cents-coins-294795)

Photo Courtesy : www.zurmat.com

2 Comments

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srinivas Thu Oct 04 at 08:40 PM

what this lee is saying is totally correct. apple is too much biased and is always after asian companies. they cannot tolerate an asian company to take their market share.

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Surjit Thu Oct 04 at 08:33 PM

This is an indication from Samsung that Apple is a beggar. Down with American dominance, proud to be Asian

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Comments 1 - 2 of 2

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