Operating Margins: Nokia, Motorola, Ericsson (NOK, MOT, ERICY)

 |  Includes: ERIC, GOOG, NOK

Here's a chart of historical and projected operating margins at the top cell phone handset producers, courtesy Lehman Brothers' Global Equity research (click on chart for larger version):

Note that while Nokia has maintained its sales lead, it has also maintained its op margins advantage -- an extremely important bottom-line factor that directly impacts shareholder value.