- Samsung has slashed prices in India of its first wearable device, the Galaxy Gear smartwatch, to Rs. 14,990. While there are conflicting reports. The price drop will be effective within this week.
- Samsung had launched the Galaxy Gear in the country on September 25, at Rs. 22,990, alongside the Galaxy Note 3. Earlier in January, the price of the Smartwatch was dropped to Rs 19,075.
The reason behind this has been disappointing sales of the Galaxy Gear and this is the reason why the company has slashed the price of the galaxy gear.
Samsung in November said that it had sold more than 800,000 units of the smartwatch since its debut in September.
Samsung has since poured marketing resources into the Gear with heavy advertisements and collaborations with fashion shows to seize leadership in the wearable computer market after the device got off to a rocky start after being critically panned by reviewers.
Earlier in January,a Bloomberg News interview had quoted Samsung’s mobile executive VP, Lee Young-hee, who had given a March-April timeline for the launch of the next iteration of the Galaxy Gear smartwatch, and described what new it would bring: “When we release our S5 device, you can also expect a Gear successor with more advanced functions, and the bulky design will also be improved.”