Re:Federal Reserve raises rates by 0.75%
by trashtester on Wednesday June 15, 2022 @04:40PM
(#31759175)
Norway doesn't produce consumer tech products. Most of Norway's tech exports are oil or shipping related, in particular some state-of-the art offshore machinery.
The only consumer product that is produced in volume, is fish.
Keep in mind that Norway only has a population similar to South Carolina. There is a limit to how diverse the tech sector can be.
Sweden, the closest neighbour, is governed in very similar ways, and has plenty of familiar consumer oriented products.
I like my reMarkable tablet, thank you very much
Designed in Norway, made with low margin electronics and components from Asian supply chains. Either ways, 10 times more IPhones are sold in a quarter than ReMarkable tablets have ever sold in the entire history. This is not a knock against ReMarkeable, but the aggregate value-add of Norway is abysmally small compared to America.
Are you wearing Norwegian made clothes ? Is your house filled Norwegian made appliances ?
So is iPhone.
You do have a point, though think a comparison to Sweden (only double Norway’s population, but with many worldwide household name businesses) is more fair.
Which consumer products do you own come from Norway?