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However, overall sales fell 1% year over year to $81.8 billion, with iPhone, iPad and Mac revenue all dropping.
Defense stocks on the offenseSouth Korean defense stocks have shot up over the past 12 months, with Hanhwa Aerospace surging 66% year to date.
Interest in South Korean arms have increased because of Russia's invasion of Ukraine and escalating tensions on the Korean Peninsula.
Persons:
Andy, Australia's, Morgan Stanley
Organizations:
CNBC, Apple, Amazon Amazon, Treasury, Big, Defense, Hanhwa Aerospace, China Companies
Locations:
Asia, Pacific, South, Ukraine, South Korea, China, India