Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.

Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.

The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.

Expectations for the chipmaker have been through the roof because of its dominance in a key component for artificial intelligence systems.