Samsung has stated that it hopes to grow its wearable ecosystem in 2019 and gave a strong indication that it may release new, high-end smartwatch models. On Tuesday, the corporation released its Q1 2024 (January–March) financial results, along with its projections for the upcoming quarter and the remainder of the year. It may release new Galaxy Watch and possibly Galaxy Ring devices this year for its Mobile eXperience (MX) Business. The massive South Korean tech company also intends to include Galaxy AI into both current and next flagship products.
Samsung disclosed its quarterly revenue in a press article, demonstrating a notable increase from quarter to quarter due to robust sales of its top Galaxy S24 devices. The computer giant stated that it made KRW 6.61 trillion (about Rs. 37 thousand crores) in operational earnings during the quarter. It also linked the greater profits to the MX Business’s higher reported earnings.
The corporation disclosed its sales figures in addition to its intentions for the upcoming quarter and the remainder of the year. Samsung made a point of highlighting its intentions to grow its wearable ecosystem. It attempts to do this, among other things, by introducing novel form factors like the Galaxy Ring. Although the gadget was just shown off at the Mobile World Congress (MWC) 2024, the release date has not been announced. The statement does, however, emphasize that the Galaxy Ring could be released later this year. It may go into mass production in the third quarter of the year, according to a previous report.
The second way Samsung wants to expand the division is by introducing new premium models of smartwatches. This is interesting given the company currently has two smartwatches in the market — the Galaxy Watch 6 and the Galaxy Watch 6 Classic. However, this year, it might introduce other models alongside them. According to a report by SamMobile, Samsung could launch a new square or rectangular smartwatch.
This will not be a new move either as the company used to offer square smartwatches with its now-discontinued Galaxy Gear series. There is also rumours that the company could bring another smartwatch with the ‘Pro’ or ‘Ultra’ moniker and add more features to it, which could be used for the new rectangular dial.
