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Technology

Apple supplier AAC's Q3 profit halved amid supply chain chaos

Acoustic component maker cites disruption in China as factor in plunge

Smartphone acoustic component maker AAC spooked investors with a sharp drop in quarterly profit announced Oct. 7. (Source photos by Reuters and AAC website)

HONG KONG/TAIPEI -- Apple supplier AAC Technologies said Thursday that its quarterly profit fell by more than half from a year earlier as the turmoil continues in global supply chains.

The Hong Kong-listed smartphone acoustic component maker announced that its net profit for July to September is expected to come in between 166 million and 210 million yuan ($25.7 million to $32.6 million), a decline of between 51% and 61% compared with the same period a year ago.

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