We present the design, implementation and evaluation of a system, called MATRIX, developed to protect the privacy of mobile device users from location inference and sensor side-channel attacks. MATRIX gives users control and visibility over location and sensor (e.g., Accelerometers and Gyroscopes) accesses by mobile apps. It implements a PrivoScope service that audits all location and sensor accesses by apps on the device and generates real-time notifications and graphs for visualizing these accesses; and a Synthetic Location service to enable users to provide obfuscated or synthetic location trajectories or sensor traces to apps they find useful, but do not trust with their private information. The services are designed to be extensible and easy for users, hiding all of the underlying complexity from them. MATRIX also implements a Location Provider component that generates realistic privacy-preserving synthetic identities and trajectories for users by incorporating traffic information using historical data from Google Maps Directions API, and accelerations using statistical information from user driving experiments. The random traffic patterns are generated by modeling/solving user schedule using a randomized linear program and modeling/solving for user driving behavior using a quadratic program. We extensively evaluated MATRIX using user studies, popular location-driven apps and machine learning techniques, and demonstrate that it is portable to most Android devices globally, is reliable, has low-overhead, and generates synthetic trajectories that are difficult to differentiate from real mobility trajectories by an adversary.