Samsung unveils bigger Gear S3 smartwatches
- Futures flat as earnings season gathers pace
- Alibaba (BABA) Tops Q3 EPS by 17c, Revenues Rise 54%
- DuPont (DD) Tops Q4 EPS by 9c; Sees Merger Closing in First Half
- Johnson & Johnson (JNJ) Tops Q4 EPS by 2c; Guides Modestly Below the Street
- Barclays Downgrades Apple (AAPL) to Equalweight, Concerned India/China Will not Emerge As Growth Catalysts
The Gear S3 classic is seen on display after its unveiling at a news conference in Berlin August 31, 2016. REUTERS/Harro ten Wolde
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
By Harro Ten Wolde and Peter Maushagen
BERLIN (Reuters) - Samsung Electronics unveiled two new smartwatches on Wednesday which boast a range of digital features while also promising up to four days of battery life, seeking to outshine the Apple Watch.
The world's biggest maker of consumer electronic products introduced its new line of Gear S3 watches ahead of this week's opening in Berlin of the IFA, Europe's biggest annual trade fair for consumer electronics and domestic appliances.
The new Gear S3 Frontier model has a rugged outdoor look, while the Gear S3 Classic has a more refined appearance, but both watches feature large faces that are likely to appeal mainly to male consumers.
The Frontier model has its own cellular radio chip to connect to high speed 4G mobile networks so it does not need to be "tethered" to the wearer's smartphone in order to make calls or send and receive data, unlike Apple watches, which require an iPhone to remain nearby for their connections.
Apple, the current market leader in smartwatches, is expected to introduce its new Apple Watch 2 line-up a week from now, on September 7, along with new phones and computers.
Gadget news sites have reported that Apple is considering introducing smartwatches with their own cellular radio in 2017, but won't offer such a feature in its upcoming models fearing it would further drain their batteries, which typically last around 24 hours in current models before needing to be recharged.
The latest Samsung smartwatches offer always-on color displays, dust and water resistance features, a built-in speaker and GPS location-finding technology. They also enable users to make mobile payments in countries where Samsung Pay is available.
Pricing was not disclosed for the new Gear S3 watches, which are due to go on sale before the end of the year.
Samsung's existing line of Gear S2 watches retail at major online sites for around $250 to $300, comparable to pricing for the most basic sports version of the Apple Watch.
(Additional reporting and writing by Eric Auchard; Editing by Greg Mahlich)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Protectionist U.S. could push Asian states closer
- BlackRock's Hildebrand sees euro clearing leaving London post-Brexit
- Court appeal argues California emissions trading plan akin to 'illegal tax'
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!