Apple reports declining sales and profits due to iPhone difficulties in China
The difficulties for Apple have piled up. In recent months it has been sued by the Justice Department, fined by European regulators and challenged by the resurgence of a Chinese smartphone competitor.The company added to the list of its problems on Thursday, signaling that its business was in crisis.Apple said sales fell by 4 percent to $90.8 billion for the three months ended in March. Revenue from iPhones, iPads and wearables like the Apple Watch fell from the same quarter last year, while sales of software and services increased. Profit fell 2% to $23.64 billion, Apple's first quarterly decline in a year.Apple's struggles were most concerning in China, the world's second-largest smartphone market, where sales fell 8%. The iPhone's popularity has declined since Huawei...