Samsung’s new Galaxy Ring is very expensive. Now, the company announced that there will be no additional costs.
Health or fitness trackers in the form of a ring are nothing completely new, as companies like Oura have been offering this for several years.
However, Samsung has ventured into new territory with the Galaxy Ring. It costs 429 euros (pre-order), which is significantly more than the Oura Ring (about 300 euros). The big difference, however, is that you don’t need a subscription if you want to use all the features of the fitness ring.
Samsung earns enough, so you don’t have to pay a subscription
Why is there no subscription needed? Lee Dinham, Samsung’s mobile product specialist, explained in a conversation with Forbes that there will be no subscription required for the use of the Galaxy Ring.
This is possible, according to Lee Dinham, because the Korean company “earns its money elsewhere” and has multiple revenue sources. Simply put, the company can bear all additional operating costs of the Galaxy Ring without requiring a subscription from you. In comparison, the company Oura charges around 5 euros per month for their ring as a subscription.
Dinham added that this is a permanent decision, and Samsung has no plans to demand a subscription in the future. This is good news for those who have considered purchasing the Galaxy Ring.
When will the Galaxy Ring be released? The Galaxy Ring will officially debut on July 24, 2024, in the US market and the European Union.
The argument about money may be surprising since Samsung recorded the weakest business year in over a decade in 2023. To overcome this crisis, the company now wants to introduce a 64-hour workweek. Some employees are already working significantly longer, but Samsung is said to have already applied to the South Korean ministry for additional work: As Samsung is in trouble, the company wants to introduce a 64-hour workweek for some employees
