Samsung has officially announced the launch of a new smartwatch, the Galaxy Watch FE, confirming previous leaks. Positioned as the company's entry-level smartwatch, the FE offers a more affordable option compared to Samsung's flagship Galaxy Watch models. Priced at $199 for the Bluetooth-only version and $249.99 for the LTE version, the FE aligns more closely with Samsung's previous pricing strategy before recent increases. Despite some compromises in features such as a smaller display and older processor, the FE still retains essential functions like sapphire crystal lens, IP68 rating, and built-in GPS. Its announcement ahead of Samsung's usual summer Unpacked event hints at a potentially significant lineup expansion, including a Galaxy Watch 7 and other models. The Galaxy Watch FE adds a budget-friendly option to Samsung's smartwatch range, catering to a wider audience.