PALO ALTO, California -- Apple CEO Tim Cook called China "the most competitive market in the world" as the tech company reported lackluster quarterly results Thursday due to weakening demand in the world's second-largest economy and stiff competition from Huawei Technologies.

.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)

