Apple chassis supplier posts Q1 lossesCasetek reported gross margins of negative 12.48%, and negative 28.65% operating profit.
What you need to know
Apple's manufacturing partner Pegatron has posted operating losses for Q120.
Losses are mainly down to its subsidiary Casetek.
Casetek supplies chassis for MacBook and iPad, but its factories were hit hard by the pandemic.
Apple manufacturing partner Pegatron has posted operating losses for Q120, which is says are mainly down to losses of its subsidiary, Casetek.
As reported by DigiTimes:
Pegatron has reported operating losses of NT$282 million (US$9.4 million) for the first quarter of 2020 with company chairman TH Tung noting that the losses were primarily from its chassis subsidiary Casetek Holdings.
The company's chairman TH Tung said that Pegatron's "core design, manufacturing, and service businesses were still profitable," but that a number of factors contributed to the loss. They include changes to capacity usage at plants in China due to COVID-19, the exp...
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Apple chassis supplier posts Q1 losses
