Apple to blame for Finland's economic problems, prime minister says

The comments come after S&P downgraded Finland on Friday. The ratings agency cited the Nordic country’s ageing population, shrinking workforce and slowing exports.Alexander Stubb, prime minister of Finland, isolated two sectors in particular that have declined in recent years at the hands of Apple products.“We have two industrial problems - two champions which went down,” Mr Stubb told CNBC."I guess one could say that the iPhone killed Nokia and the iPad killed the Finnish paper industry, but we'll make a comeback."Nokia, once the darling of Finnish commerce (it contributed a quarter of Finnish growth from 1998 to 2007) was the king of the mobile market; before apps and touch screens, a generation was raised on Snake and that classic ringtone. In 2007, the year that Steve Jobs unveiled the first iPhone, Nokia had around half of the global smartphone market, according to Statista. It now accounts for about 3pc.(telegraph.co.uk)Bakudaily.Az