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Samsung expects new smartwatch to become ‘new fashion icon’

Samsung Electronics has unveiled its smartwatch, tapping a potential wearables market worth an estimated $50bn, as the high-end mobile phone market becomes saturated, Reuters has reported. The Galaxy Gear smartwatch features a 1.63", screen as well as a basic camera, and will connect to Samsung's latest Galaxy Note 3 smartphone via wireless Bluetooth technology. It will make calls, display messages, record videos and snap photos, all while the user's phone stays in their pocket or handbag. "I believe it will become a new fashion icon in the world," J.K. Shin, Samsung's co-chief executive and head of mobile business, said at its "Unpacked 2013 Episode 2" event.