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[$$] Apple Supplier Foxconn Posts Third-Quarter Profit Jump

BEIJING—Foxconn Technology Group posted a 18.3% rise in third-quarter profit from the same period last year after its biggest customer Apple Inc. posted record profit that was buoyed by a combination of higher iPhone prices and strong app-store sales. Taiwan-based Foxconn said Tuesday its net profit for the quarter ended Sept. 30 was 24.9 billion New Taiwan dollars ($805 million). Last year in the same period, Foxconn was hit by a production delay in Apple’s iPhone X, said Kylie Huang, an analyst at Daiwa Capital Markets based in Taiwan.