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Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers
(arstechnica.com)
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this post was submitted on 05 Oct 2024
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Is 2.5m even worth apples time?
It all trickles down. Some paralegal will get stuck negotiating a deal
Probably, so they can stop further abuses. This might only be 2.5 million that they know about...
For reference, Apple currently has roughly 70 billion USD as cash on hands. 2.5 million USD is 0.0035% of their cash reserves.
If you have a yearly salary of 50k USD, that would be equivalent to losing 1.78 USD.
I am bad at math, so feel free to correct me if I'm wrong.
If you want to do less math you can just drop some zeroes and say it's the same as making $70k while losing $2.50
Or make $7000 while losing a quarter. Or to bring it to wallet-level, making $7 while losing one-fourth of a penny.
How useful! I can't count the number of quarter-pennies I've lost...
I remember once I lost FOUR quarter pennies all at once !
Depends on how much it cost to pursue.