Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Prime Minister Blames iPhone For Recession
Posted
October 18, 2014
Views
60,450
Likes
790
Comments
373
Engagement
1.92%
October 18, 2014
60,450
790
373
1.92%
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1:25Now Playing“Though the global recession and Europe's weak economy deserve some blame, Finland's prime minister is pointing to Apple Inc. for sinking two of his country's biggest export industries into the ground.
"I guess one could say that the iPhone killed Nokia and the iPad killed the Finnish paper industry," Alexander Stubb told CNBC on Monday.
Nokia, based in Helsinki, Finland, surged in the early 2000s as its small, feature phones were in the hands of about one in three cellphone owners. But Nokia missed the transition to smartphones and ceded almost all of its market share to Samsung and Apple."* The Young Turks host Cenk Uygur breaks it down.
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