Apple shares fell by 8 percent in after-hours trading after the company reported that earnings had jumped by 33 percent on strong iPhone sales, but that sales of the Apple Watch were lower than expected. Apple's profits of $1.85 per share beat analysts' estimates by four cents. The popularity of the larger-screened iPhone 6 and 6 Plus models cut into iPad sales, fueling fears that once iPhone sales peak Apple's growth prospects could sputter. [USA Today]

Scroll for 5 things you
need to know now