The iPhone 5s wasn’t the first smartphone to offer a fingerprint scanner, but it’s undoubtedly the most popular one to date. In fact, it’s so popular that Touch ID is now driving massive growth in the smartphone fingerprint scanner market, with sales of fingerprint scanning handsets expected to reach 525 million units in 2017.
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Given Samsung’s habit of shamelessly copying everything Apple does, I wasn’t at all surprised to see this morning’s report that the South Korean company had just spent $650 million on a fingerprint scanning firm called FingerPrint Cards. In fact, I simply rolled my eyes when I saw the news and thought, “there’s a surprise.”
But it appears that the whole thing was completely fabricated. The press release that went out announcing the move was false, and both Samsung and FingerPrint Cards have denied the acquisition.