Finnish Prime Minister Alexander Stubb has blamed Apple for the Nordic country’s economic problems after Standard & Poor downgraded its credit rating.
During an interview with CNBC, Stubb referenced Nokia and the country’s faltering paper products industry, saying that Finland had “two champions that went down”, which had played its part in the country’s negative rating.
He noted that Nokia had suffered drastically since the iPhone was brought out and that the country’s paper products industry had gone downhill since the launch of the iPad. However, he insisted that Finland would come back stronger.
Prior to the arrival of the iPhone and android smartphones, Nokia was the world’s number one mobile phone manufacturer. But the company’s mobile phones found it difficult to keep pace with Apple and Samsung and in the end found itself lagging behind.
In a final attempt to drag the company back up again, Nokia created the Windows Phone platform and later merged with Microsoft in a deal worth US$7.2bn that split the company. Nokia now exists in Finland only as a telecommunications network services and equipment company.