this post was submitted on 05 Oct 2024
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Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers (arstechnica.com)
submitted 1 month ago by jeffw to c/technology
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[–] [email protected] 14 points 1 month ago* (last edited 1 month 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 1 month 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 1 month 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 1 month ago (1 children)

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

[–] [email protected] 2 points 1 month ago

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