this post was submitted on 05 Oct 2024
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357
Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers (arstechnica.com)
submitted 2 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[–] Ioughttamow@fedia.io 56 points 2 months ago (4 children)

Is 2.5m even worth apples time?

[–] Bocky@lemmy.world 25 points 2 months ago

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

[–] BestBouclettes@jlai.lu 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.

[–] ayaya@lemdro.id 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

[–] jrbaconcheese@yall.theatl.social 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.

[–] GreyEyedGhost@lemmy.ca 2 points 2 months ago (1 children)

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

[–] interdimensionalmeme@lemmy.ml 2 points 2 months ago

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

[–] Corkyskog@sh.itjust.works 14 points 2 months ago

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

[–] Telodzrum@lemmy.world 1 points 2 months ago

Depends on how much it cost to pursue.