My bet is you burnt up stuff in it. It could do well with a good workout and then check it over. Color of piston top and plug will tell how it has been feeling.When it first started smoking it was pronounced oil smoke. I couldn't adjust it to not smoke. I was ready to give up and take it to my not so good dealer when it cleared up on its own. Not a problem with the fuel/mix, as my other saws were fine.
After I set it with my bud's tach it ran good. It is now back to smelling like gas fumes, not really smoking, but obviously rich.
It depends on the problem and arrangement between costumer, dealer and distributer.So when you have a warranty problem, does the dealer get stuck with bill, or can they get reimbursed from the manufacturer?