Samsung Galaxy Fit 2 has barely gotten unveiled yesterday, and the older model Galaxy Fit is already seeing a huge price cut. The device now costs $49.99, as opposed to its old price of $99.99. Reduced price is valid for both black and white colour variants of the smartwatch.

It is currently unknown whether the price cut is permanent or not.

It is also worth pointing out that Galaxy Fit 2 will be sold in Europe for 49.99 euro. It’s US price is unknown, but will most probably be much less than $99.99, probably closer to 60-70 dollars. If that is the case then it is no wonder Samsung has lowered the price of the watch’s predecessor by half; soon no one will buy it anyway.