The Galaxy Ring is a smart ring set to be released before the end of 2024, with an array of health and sleep-tracking features, plus more capabilities added down the line, according to Samsung mobile digital health chief Hon Pak. The ring will be available in a range of colors and sizes, and won't be compatible with the iPhone, like Samsung's Galaxy Watch. 

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According to a patent filed by Samsung back in February 2023, the Galaxy Ring is "intended to cover the categories of wearable smart devices in the nature of a smart ring for tracking, measuring, monitoring, and uploading health, fitness and sleep-related information."

While we don't have an official launch date for the new Samsung Galaxy Ring, the latest reports say it is set to launch in the second half of July, during the company's summer Unpacked event.

Samsung hasn't announced an official date for its summer Unpacked, but it held its 2023 event on July 26. 

The Samsung Galaxy Ring is rumored to support ECG functionality and blood flow measurement to monitor readings, such as the wearer's heart rate and blood oxygen levels. The Galaxy Ring is also rumored to be available in eight sizes, support device control via Samsung SmartThings, and wireless payments via Samsung Pay.

At this point, we can only make guesses based on the health features presented during the keynote and Pak's recent interview. The Samsung Health experience includes the ability to monitor for potential sleep apnea symptoms by tracking sleep patterns and blood oxygen changes, and maintaining heart-rate alerts during sleep. 

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"The ring represents that community of people who want health tracking that is more comfortable and less obtrusive," Pak said during a recent interview. "It's meeting a need of a specific population of people who want to track and measure, but in a different way."

The new Samsung Health experience also offers medication reminders, with helpful insights about potential interactions with foods or other medications you take. 

There is no official word yet on how much the Galaxy Ring will cost and exactly when it will be available for purchase. Oura is the current market leader for smart rings, as the Oura Ring is the most popular device in the category. If Samsung enters the market to compete with other smart rings like the Oura Ring, one can expect the Galaxy Ring's retail price to fall between$300-$450.

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What's certain is that Samsung will soon expand its wearables lineup to include one of the hottest product categories in tech today.

While we're expecting the Galaxy Ring to be officially unveiled during the Samsung Unpacked summer event in late July, reports from ET News indicate the device is currently in its prototype stage, set to enter mass production in the second quarter.

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Samsung could make its smart ring available for purchase immediately after launch, in the third quarter, or delay order deliveries to the fourth quarter of 2024.

The Galaxy Ring was announced by Matthew Wiggins, a clinical research scientist at Samsung Research, after a segment demonstrating a new Samsung health experience that's powered by Galaxy AI. The announcement was short and sweet, followed by closing statements and the end of the Samsung Unpacked 2024 event.

Smart rings are wearables that incorporate sensors and other types of technology to track health measurements, such as heart rate variability and blood oxygen levels. They give users a simple way to measure and track health and sleep-related information.