Apple Inc

Corporation "Apple"

According to a report provided by Bloomberg News, Apple Inc. is planning to start purchasing chips used in its gadgets from a plant, which is now being constructed in the Arizona territory of the U.S.

Foxconn reported third-quarter net income rose 5% to T$38.8 billion ($1.22 billion) from an average estimate of T$41 billion.

Famous American companies Apple Inc and Amazon.com Inc were accused of conspiring in order to deliberately raise prices of new iPhone and iPad models. The basis for a formal complaint was deletion of almost all Apple product resellers from the Amazon e-commerce platform.

On Thursday, Foxconn is planning to update its fourth-quarter forecast because of the impact of COVID-19 restrictions this week at its main factory in Zhengzhou, China.

Foxconn, an Apple product supplier, said that it continues to operate in a limited mode. Despite lifting a 7-day quarantine in Zhengzhou, the iPhone manufacturing plant has no plans to ease restrictions anytime soon.