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Anorak | Apple Screwed The Entire Finland Economy Claims Finnish Prime Minister

Apple Screwed The Entire Finland Economy Claims Finnish Prime Minister

by | 15th, October 2014

And to be fair to him there’s a certain amount of evidence that Apple did indeed screw over important parts of the Finnish economy. The invention of the smartphone did screw over Nokia and that paperless computing environment is at least partially here which doesn’t help Finland’s paper making industry all that much :

The prime minister of Finland has blamed Apple for the economic downturn his country is experiencing which saw it lose its AAA credit rating on Friday.

Alexander Stubb said the remarkable success of the California-based tech giant has had a negative impact on his country’s two biggest industries technology and paper.

‘We have two champions which went down,’ Stubb told CNBC on Monday.

Not only has handset manufacturer Nokia suffered due to the success of smartphones such as the iPhone, but Finland’s paper industry has also fallen on hard times.

The country is a key production site for Europe’s biggest paper producers, UPM-Kymmene and Stora Enso, but Stubb said the success of tablet devices like the iPad had hit the sector hard.

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Posted: 15th, October 2014 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink