The news was not good in the beginning. It appeared to be the saddest story for Samsung. Its Galaxy Gear smartwatch reportedly sold less than 50,000 units since its launch in late September. This led to rumors of the wearable devices as being failures in the global market.
Samsung's Galaxy Gear smartwatch was in a state of stagflation. Despite the media hype drummed up at the beginning of the launch, it appeared to be for all purposes an immensely big flop. Critics are not happy with the device. Early reviewers also panned the device.
"Earlier reports also indicated that resellers such as Best Buy were seeing exceptionally high return rates on the Galaxy Gear of up to 30 percent. That allegedly prompted concern among Samsung, who asked employees of its Best Buy-based Samsung Experience shops to ascertain reasons for the high incidence of dissatisfaction," according to AppleInsider.
Samsung launches the device in a hurry as the market for wearable devices was getting volatile by the second. The $300 cost price along with the small battery capacity and limited functionality made it a hard thing to sell.
But Samsung defies critics. The South Korean electronics giant today reports that it has sold 800,000 units of Galaxy Gear within the past two months. That is quite a turnaround. It has literally revolutionized and rejuvenated the image and reputation of Samsung as a world leader in electronics.
According to Samsung, Gear sales met expectations. The Samsung Galaxy Gear has an OLED screen and takes images, wireless calls and also has a messaging service. Samsung is planning on expansion in this category of gadgets. After all, the progressive sales have created a demand that must be met.
But Market expectations are not strong. Galaxy Gear has only around 70 dedicated applications and it is compatible only with Galaxy Note 3, Note 2, S3 and S4. Meanwhile, Apple is also planning to launch its "iWatch" in some tile next year. Apple smartwatch will be focused on biometrics and health information feedback.