Stubb told CNBC on Monday that Apple's popular iOS devices were contributors to the downfall of Finland's economy and the subsequent performance of its debt rating, which Standard & Poor's recently downgraded to AA+ from AAA. The prime minister said much the same in comments on Finland's troubled economy earlier this year.
Specifically, Stubb believes the iPhone toppled former mobile phone monolith Nokia, formerly the crown jewel of Finland's IT sector, while the iPad took out the forest and paper industry.
"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 said.
Finland is a major player in the European paper industry and serves as an important production site for companies UPM-Kymmene and Stora Enso. According to the prime minister, the rise of tablets like the iPad has dealt a significant blow to the overall paper industry.
If a whole country only relies on two companies/industries to keep up its economy, especially ones they don't have a monopoly on, problems are to be expected though
Even tho here in Finland A LOT of people still use and prefer Nokia Lumia's over iPhone and as for the papers, in the library HUDREDS of people come just to read the big collection of papers we have from around the world daily! but of course he's talking as a whole! cuz Finland is a small country (population)!
Even tho here in Finland A LOT of people still use and prefer Nokia Lumia's over iPhone and as for the papers, in the library HUDREDS of people come just to read the big collection of papers we have from around the world daily! but of course he's talking as a whole! cuz Finland is a small country (population)!
