As anyone who has recently ordered – and expected – an Apple MacBook Pro and / or MacBook Air could probably have predicted, Apple MacBook assembler Quanta Computer said its Shanghai campus has recovered from the quixotic “zero-COVID” of Communist Party of China (does not exist) shuts down slower than expected, halving its profit.
Debby Wu for Bloomberg:
Net income for the second quarter was NT $ 3.96 billion ($ 132 million), down 50% and below the average estimate of NT $ 4.3 billion. Sales were NT $ 270.5 billion, versus analysts’ average estimate of NT $ 258.4 billion.
Quanta announced in April that its Shanghai site has stopped operations to comply with the local government’s Covid curbs. Spokeswoman Carol Hsu said the company got approval to resume operations in a closed-loop system in the same month, but the restart was bumpy due to logistics disruptions and a shortage of workers. The Shanghai unit only returned to full production at the end of June, she said.
“The significant recovery took longer than expected,” Hsu told analysts during a phone call about its Shanghai operation, calling the company “disappointing” results.
Note from MacDailyNews: Currently, MacBook Pro models are immediately available in the US, but there’s still about two weeks of waiting for the recently updated MacBook Air, according to Apple’s official website.
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