Finland's Prime Minister Blames Apple for Its Economic Downturn [Video]

Finland's Prime Minister Blames Apple for Its Economic Downturn [Video]

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Finland's Prime Minister Alexander Stubb told CNBC that Apple is to blame for the demise of its two biggest industries, leading to the economic downturn and ratings downgrade of the country.

"We have two champions which went down," Alexander Stubb told CNBC Monday. As well as the technology firm Nokia, he explained that the paper industry in Finland had fallen on hard times. Finland is a key production site for Europe's biggest paper producers, UPM-Kymmene and Stora Enso. The sector is also crucial for the country's economy.

"A little bit paradoxically I guess one could say that the iPhone killed Nokia and the iPad killed the Finnish paper industry, but we'll make a comeback."


Stubb remains positive on the industries, noting that out of dire times comes innovation.

"Forest is coming back in terms of bio energy and other things. And actually a new Nokia is emerged in terms of (Nokia) Networks," he said. "Usually what happens is that when you have dire times you get a lot of innovation and I think from the public sector our job is to create the platform for it."

Take a look at the video below...

[via Andre]



[Flash]

Finland's Prime Minister Blames Apple for Its Economic Downturn [Video]
finnish - October 14, 2014 at 11:52am
Stubb is surprisingly well aware of the current state of technology and statements like this can be easily turned for the worse by news sources like iClarified. This is quite ridiculous headline made for clicks, yet again. iPhone in this case equals to smartphones in general, not Apple. Nokia killed itself by being late in everything after the smartphone revolution. iPad in this case is the electronic paper industry in general, which not by any means killing paper at all yet. It's not blaming, it's a fact that Nokia didn't keep up and it's them to blame. It is also not a reason for the Finnish economic downturn.
true - October 14, 2014 at 11:59am
I guess the main word here is the "paradoxically" which is easy to skip to get the sensational headline... And it seems most of the readers like not see that word either..
The original Jay - October 14, 2014 at 12:07pm
People today suffer from permanent ADD, they need these shocking titled to maintain interest. It's really sad to see junk like this as "news" today.
Dante1984 - October 14, 2014 at 3:36am
Nokia killed itself, guess it didn't get the memo. Innovate, or die.
smate333 - October 14, 2014 at 2:57am
its not like Nokia had tremendous advantage that they've totally neglected and instead went to shit
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