We recently passed along some speculation that included the premise that the release of the Samsung Galaxy Gear smartwatch was just a test run to see how well the product would be received; the rumor included the word that the Samsung Galaxy Gear 2 smartwatch was being developed and would be introduced at CES this coming January...
Source: http://www.phonearena.com/news/Samsung-Galaxy-Gear-smartwatch-lacks-something-special-says-Samsung-executive_id47803
Source: http://www.phonearena.com/news/Samsung-Galaxy-Gear-smartwatch-lacks-something-special-says-Samsung-executive_id47803