Samsung Gear 2 and Gear Fit prices officially confirmed

If you are eager to get your hands on Samsung’s latest set of wearables, the good news is that we now know how much two of these devices will cost.

Speaking in Taiwan on Wednesday, Samsung Electronics announced that its latest Gear 2 smartwatch and Gear Fit fitness tracker will be priced at $295 and $197, respectively. These two prices were later confirmed by Samsung officials in Korea as well. This will disappoint those who were hoping for a more competitive price point from Samsung’s 2nd generation smartwatch. One of the most common complaints levelled at the original Gear was its expensive $299 launch price tag.

The price for Samsung’s more budget oriented smartwatch, the Gear Neo, has not yet been announced, but it’s not unreasonable to assume that the product will be priced between the Gear 2 and the Fit. Somewhere around $250 is probably a reasonable expectation.

Samsung has also confirmed that the Gear 2 and Gear Fit are both scheduled for an April 11th worldwide release, which is the same day that the company’s new flagship Galaxy S5 goes on sales in 130 countries around the world.

As Samsung is maintaining a premium price point for its Gear 2 smartwatch and Gear Fit, and considering how cheap its competitor’s devices are, there’s a real risk that Samsung’s wearables are simply too expensive to appeal to a wide range of consumers. With the unveiling of the new Moto 360 to consider as well, has Samsung done enough to tempt you with its new line-up of wearables?

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