According to ZDNet, Samsung is developing the successor to the Galaxy Gear smartwatch. The Gear 2 will feature a totally different design and use a flexible AMOLED. ZDNet says that the company will reveal the new smartwatch in London in March or April.
According to earlier reports, Samsung sold over 800,000 Galaxy Gear devices. The smartwatch is considered to be a failure by most analysts and this explains why Samsung needs to change the design drastically.
The Galaxy Gear features a 1.63" 320x320 (275 PPI) Super AMOLED display, a 1.9 mp camera (720p videos), 800Mhz processor, 4GB of storage, 512MB of RAM, Bluetooth 4, and a 315 mAh non-removeable battery.