As anyone who’s recently ordered – and waited for – an Apple MacBook Pro and/or MacBook Air could likely have predicted, Apple MacBook assembler Quanta Computer said its Shanghai campus recovered from the Chinese Communist Party’s quixotic “zero-COVID” (doesn’t exist) shutdowns more slowly than expected, halving its profit.
Net income for the second quarter came in at NT$3.96 billion ($132 million), down 50% and below the average estimate of NT$4.3 billion. Sales totaled NT$270.5 billion, versus average analyst estimate of NT$258.4 billion.
Quanta announced in April its Shanghai site halted operations to comply with the local government’s Covid curbs. Spokesperson Carol Hsu said the company obtained approval to resume operations in a closed-loop system that same month, but the restart was bumpy due to logistics disruptions and a shortage of workers. The Shanghai unit returned to full production only in late June, she said.
“Meaningful recovery took longer-than-expected,” Hsu told analysts on a call about its Shanghai operation, calling the company’s results “disappointing.”
MacDailyNews Note: Currently, MacBook Pro models are immediately available in the U.S., but there’s still about a two-week wait for the recently updated MacBook Air, according to Apple’s official website.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Shop The Apple Store at Amazon.
