Samsung teased the Galaxy Ring earlier this year when it introduced the Galaxy S24 series of smartphones. Naturally, this sparked a flurry of rumors about what’s to come and what the wearable could be like.

Samsung has a strong presence in the smartwatch market with its Galaxy Watch series, which includes the Galaxy Watch 6 and the Galaxy Watch 6 Classic. The company is expected to launch the Galaxy Watch 7 and Galaxy Watch 7 Classic later this year.

Samsung recently made headlines by preannouncing a new "premium" smartwatch alongside its upcoming Galaxy Ring wearable.

Samsung has teased its future wearable plans for the Samsung Galaxy Ring and Galaxy Watch 7 as part of its latest financial reporting.

Even more evidence for a new, higher-end Galaxy Watch comes from the tipsters over at Android Headlines, who have spotted a firmware build for a smartwatch model believed to be the Samsung Galaxy Watch 7 Ultra. It's not the first time we've seen that name mentioned, though there have also been mentions of a Galaxy Watch 7 Pro.

Samsung has confirmed that "new premium models" will launch later this year, fuelling further speculation that an Apple Watch Ultra rival will arrive alongside the Galaxy Watch 7 series.

To date, there's only been a single leak about the Galaxy Watch FE, but it's a fairly substantial one. In early April, Android Headlines caught wind of three new model numbers for Samsung wearables: SM-R866F,

Samsung recently said it is looking to expand its wearable ecosystem this year and dropped a big hint that it might introduce new premium models of smartwatches. The company published its Q1 2024 (Jan-March) earnings on Tuesday and also shared its plans for the next quarter and the rest of the year.

Samsung's MX Business attributes its success to the Galaxy S24 series and teases it will continue to "invest" and bring Galaxy AI to more devices. The report also teased the Galaxy Ring and new "premium" model smartwatches.