The genius creator of Apple had been repeatedly blamed for many bad things. However, the prime minister of Finland crossed the line calling Jobs and its Apple accusing of undermining the national economy. Alexander Stubb said the Finnish labor market almost entirely depended on Nokia output and paper manufacturing. Head of Swedish Nordea bank Nalle Walrusa said that the economic system of Finland was under a strong pressure from the moment of extreme popularity of iPhones and iPads among consumers. Walrusa is sure that it was particularly the release of iPhone that was the decisive factor for the collapse of Nokia and the use of iPads sharply reduced demand for paper.
It is worth mentioning that the mobile phones maker stood out as an important contributor to Finland’s growth. There were times when Nokia shares accounted for one third of the market capitalization of the Helsinki Stock Exchange. The bottom line is that the corporation was one of the major employers in the country with many businesses partnering with it.
Last autumn, Microsoft completed its $7.5 billion acquisition of Nokia. Before that, Apple CEO Tim Cook associated the collapse of Nokia with lack of innovation. "I think [Nokia] is a reminder to everyone in business that you have to keep innovating and that to not innovate is to die", he concluded.
However, despite all this, Alexander Stubb hopes the situation will improve in 2014. "Our forestry is slowly but surely shifting from paper to bioenergy. Our IT industry is moving towards gaming, it's not just about hardware like the Nokia mobiles", Stubb said.
