We're not Finnished yet: Nokia chalks up €200m sales hit to 'COVID-19 issues'

Nokia Oyj told the market this morning that it estimates the novel coronavirus has "had an approximately €200m negative impact" on its Q1 2020 sales, mostly due to "supply chain challenges" but insisted the sales would be "shifted to future periods", rather than being lost to the ledger entirely. Nonetheless, Nokia managed to …

[First Light]

Nokia also just signed a US$1 billion deal with India's Bharti Airtel to boost network capacity.

[Anonymous Coward]

4G or 5G?

If it's 5G, Bharti AirTel and Nokia sure will be hoping that Intel are able to produce silicon for those Nokia base stations. Or has Nokia found a get out clause, sucked up the 2+ years of development involved in moving platforms and started to buy Samsung chips instead?

[VicMortimer]

Nokia still exists? WHY?!??!??

[BebopWeBop]

Because the do good solid networking gear - just a guess you understand. Not to mention that they might see their 5G market grow with China's woes.

[Anonymous Coward]

Unfortunately

It appears they also use Chinese parts if they blame supply chain disruption for poor results

[MarkTriumphant]

"slumped 6 per cent, from roughly €5bn to just over €4bn"

That looks rather more than 6 percent. Isn't it more akin to 20%?