this post was submitted on 05 Oct 2024
363 points (95.3% liked)

Technology

59981 readers
3936 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
363
Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers (arstechnica.com)
submitted 2 months ago by jeffw to c/technology
35 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 56 points 2 months ago (4 children)

Is 2.5m even worth apples time?

[–] Bocky 25 points 2 months ago

It all trickles down. Some paralegal will get stuck negotiating a deal

[–] [email protected] 14 points 2 months ago

Probably, so they can stop further abuses. This might only be 2.5 million that they know about...

[–] [email protected] 14 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] [email protected] 7 points 2 months ago (1 children)

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

[–] [email protected] 3 points 2 months ago (1 children)

Or make $7000 while losing a quarter. Or to bring it to wallet-level, making $7 while losing one-fourth of a penny.

[–] [email protected] 2 points 2 months ago (1 children)

How useful! I can't count the number of quarter-pennies I've lost...

[–] [email protected] 2 points 2 months ago

I remember once I lost FOUR quarter pennies all at once !

[–] Telodzrum 1 points 2 months ago

Depends on how much it cost to pursue.