The first-gen timepiece did not sell as well as Samsung had hoped it would, and its pricing was one of the reasons for the tepid sales. In the U.S., the watch sold for $299.99, the same price that some carriers charged for the purchase on-contract of the Samsung Galaxy Note 3. The latter was initially the only device that the watch worked with, until Samsung pushed out the Android 4.3 update for a number of its other devices, which included support for the Galaxy Gear. That update was sent out to models like the Samsung Galaxy S4, the Samsung Galaxy S III, the Samsung GALAXY Note II and others.
The price that Samsung decides to charge for the Galaxy Gear 2 will probably not stray too far from the expected $299 that Apple is said to be pricing its Apple iWatch at. While Apple has not officially acknowledged that such a product even exists, Apple CEO Tim Cook recently stated that Apple would be entering new categories this year.
source: ZDNet.kr via GSMArena