Samsung Set to Ramp Up Gear3 Smartwatch Production In Battle With Apple Watch
Samsung Electronics is set to increase shipments of their popular Gear3 smartwatch by 60% in a move that will put pressure on the Apple Watch.
Samsung has told retailers that they expect to ship out 5 million Gear S3s per year.
According to a market research group IDC Samsung Electronics had shipped 3.1 million Smart Watches and Bands during the last 12 months.
This new goal will see Samsung shipments of smartwatches grow by 61.3% with release of Gear S3.
Vice-President Lee Young-hee of Samsung Electronics’ Wireless Business Department introduced the Galaxy Gear S3 in Berlin on the 31st of August.
The new device supports LTE and has its own altimeter, barometer, and GPS. It also has IP68-level waterproof and dustproof functions. With its newly-improved design, it is now very similar to a normal watch when it comes to size and design claims Samsung executives.
The new device also has LTE, Bluetooth, Wi-Fi, and NFC (Near Field Communication) capability and the Gear S3 is the first Gear series to have Samsung Pay that supports both NFC and MST (Magnetic Secure Transmission).
The new Samsung Smart Watches come with wireless chargers.