Samsung has released the results of its last quarter, confirming the bearish forecasts it had released in recent weeks. Revenues were 10 percent lower than the same period last year, at $ 53.3 billion. Corporate operating income was $ 9.7 billion, down 29 percent from the previous year. Samsung attributed the decline in sales to reduced demand for memory for various devices, usually its main source of revenue. Deliveries of new smartphones have also fallen, due to increasingly high competition from Chinese manufacturers such as Huawei and Xiaomi and lower demand. In a few days, Samsung will present its new Galaxy S10 smartphones, with which it hopes to revive sales.
