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Technology Stocks : Nokia (NOK)
NOK 6.530-0.2%3:59 PM EST
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To: pyslent who wrote (34474)9/2/2013 1:02:33 AM
From: pyslent  Read Replies (1) of 34857
 
"SmartDevices had a gross margin of 21.1%, but benefited from a one time inventory related allowance of 20 EU. Net that out and GM for Smart Devices was 18.4%"

Oops, sorry, my math was wrong-- Smart Devices had a gross margin of 19.4% in Q2 (net of non-recurring benefits). My point remains, it seems like Lumia should have substantially better margins than feature phones, but that's not actually the case.
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