Samsung Electronics announced that its latest smart watch and fitness tracker Samsung Gear 2 and Gear Fit will be priced at $295 and $197, respectively.
The price information came from Taiwan Wednesday, where the Korean smartphone maker first introduced the wearable devices.
Samsung officials here in Korea also confirmed the reports on the latest development.
The price for the Samsung Gear 2 is a little lower than the initial price for the Galaxy Gear, which came with a $300 price tag.
The release of the Gear 2 and Gear Fit is scheduled for April 11 worldwide, according to a Samsung official.
The tech giant first unveiled the smart watch and fitness device at the Mobile World Congress 2014 in Barcelona.
The price for the budget model of the smart watch, called Samsung Gear Neo, has not yet been unveiled, but it is anticipated to be around $250.
Meanwhile, a new variant of the Samsung Gear 2, equipped with a universal subscriber identity module, or USIM, is said to be on the way.
The USIM-embedded Samsung Gear is expected to be released in the Korean market through SK Telecom, the largest Korean mobile carrier in the nation.
It is not known if the standalone smart watch will be available in the global market.
By Kim Young-won