NOK Devices - Contribution Margin will be Positive in 2013
In 2013-1Q, NOK sold 5.6 Million Lumia. For 2013-2Q, NOK is expected to sell more than 7.1 Million Lumia, an increase of 1.5 Million Lumia. If NOK receives an average of $200 per Smartphone, NOK will receive additional $300 Million for such 1.5 Million Lumia. Thereafter, based on additional sales of Lumia of 4.0 Million for 3Q (total Lumia of 9.6 Million) and 6.0 Million for 4Q (total Lumia of 11.6 Million), NOK will receive additional $2 Billion for such additional 10 .0 Million Lumia. Thus, NOK may receive additional sales of Lumia of more than $2.3 Billion with additional profit at 20% of more than $400 Million during 2013. As such, NOK Devices should have positive Contribution Margin in 2013.