Samsung not too long ago mentioned it’s seeking to broaden its wearable ecosystem this 12 months and dropped a giant trace that it would introduce new premium fashions of smartwatches. The corporate revealed its Q1 2024 (Jan-March) earnings on Tuesday and in addition shared its plans for the following quarter and the remainder of the 12 months. For its Cellular eXperience (MX) Enterprise, it might launch new fashions of the Galaxy Watch and even the Galaxy Ring this 12 months. The South Korean tech large can also be planning to combine Galaxy AI with new and present flagship units.

In a newsroom publish, Samsung revealed its quarterly income, posting a major development quarter-on-quarter on the again of robust gross sales of flagship Galaxy S24 smartphones. The tech large reported its working earnings for the quarter to be KRW 6.61 trillion (roughly Rs. 37 thousand crores). It additionally attributed the elevated earnings to the upper earnings posted by the MX Enterprise.

Aside from its income numbers, the corporate additionally talked about its plans for the following quarter in addition to for the remainder of the 12 months. Notably, Samsung highlighted that it plans to broaden its wearable ecosystem. A technique it goals to do it’s by introducing new kind components such because the Galaxy Ring. The gadget was not too long ago showcased on the Cellular World Congress (MWC) 2024 however there isn’t a phrase on its launch date. Nevertheless, the point out highlights that the Galaxy Ring could possibly be launched later this 12 months. An earlier report claimed that it might enter mass manufacturing within the third quarter of the 12 months.

The second manner Samsung desires to broaden the division is by introducing new premium fashions of smartwatches. That is fascinating given the corporate at the moment has two smartwatches available in the market — the Galaxy Watch 6 and the Galaxy Watch 6 Traditional. Nevertheless, this 12 months, it would introduce different fashions alongside them. In response to a report by SamMobile, Samsung might launch a brand new sq. or rectangular smartwatch.

This is not going to be a brand new transfer both as the corporate used to supply sq. smartwatches with its now-discontinued Galaxy Gear collection. There may be additionally rumours that the corporate might carry one other smartwatch with the ‘Professional’ or ‘Extremely’ moniker and add extra options to it, which could possibly be used for the brand new rectangular dial.