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Friday, 17 October 2014

iPhone and iPad Killed Our Economy: Finnish PM

 Apple is reportedly facing possibly the biggest blame ever, the death of an entire country's economy.

Finnish prime minister said that Apple iPhone has killed the Finnish smartphone company Nokia, and the iPad killed the paper industry.

The paper industry and mobile phone manufacturer Nokia were once Finland's two biggest industries. Nokia in particular was Finland's pride and joy until 2007, when the iPhone was first released, the Huffington Post reported

Since then, Nokia has been in a steady decline. Microsoft bought Nokia for $7.2 billion last April and immediately started to cut jobs. Last July, Microsoft announced it would lay off at least 12,500 Nokia employees.

A Bloomberg Businessweek story from last August pointed out that Nokia and paper were declining due to the rise of new technology and the end of print, and Stubb last June famously accused Apple co-founder Steve Jobs of taking away Finland's jobs.

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