One of the big differentiators for Samsung's new product is that users can choose to buy a Gear S2 with 3G connectivity, meaning it can be used as smartwatch without being tethered to a smartphone. The majority of smartwatches on the market – such as the Apple Watch - need to be connected to a handset to carry out a bulk of the functions.
Like most wearables today, the Gear S2 also comes with a number of health features including a heart rate tracker. And Samsung's device is also equipped with near field communication (NFC) technology, which will allow it to be used for contactless pay. The company recently announced it would launch its own contactless payment system – Samsung Pay – in the U.S. and South Korea, but did not give specific timings.
Samsung also says the new smartphone has a two-to-three-day battery life, longer than the one-day that Apple claims its rival watch can last.
Samsung's announcement came just a couple of days ahead of a press conference it has scheduled at the IFA consumer electronics show in Berlin on Thursday. More details on the watch, including pricing, availability and functionality, are expected at the event.