Samsung unveiled its Galaxy Gear smartwatch earlier this month, but the company may already be working on its next version of the device, according to a Korean news site.
(Read more: Samsung reveals smartwatch, new Galaxy Note)
The next-generation Galaxy Gear smartwatch will reportedly feature GPS, improved battery life and will work with more Android devices, according to Daum.net. The device also could be unveiled as early next year, perhaps launching at the Consumer Electronic Show in January or at the Mobile World Congress in February, sources told Daum.
(Read more: Apple's iWatch and wait approach)