While the Galaxy Watch series gets most of the credit, Samsung also makes smart ribbons. Well, occasionally. Galaxy Fit2 was announced in September 2020 along with Galaxy Tab A7 and there has not been a new one since. That will change, soon-ish.
This information comes from the Korean branch of Samsung Community Forum. A user asked about Samsung Galaxy Fit3 and when it could come out. The answer is either in the second half of this year or (if there is a delay in the schedule) in the first half of next year.
The band will apparently cost around KRW 49,000-50,000. Not surprisingly, it is the same price as the Fit2 (KRW 49,500), so the new one should be launched at the same price as the old one in your region, e.g. $ 60 in the US, € 50 in Europe.
There are no words about what new features Galaxy Fit3 can have. Fit2 brought a larger screen (0.9 “to 1.1”), a slightly larger battery and much improved efficiency that almost doubled the battery life compared to the original Fit (up to 14-15 days of average use). As it is almost 2 years old now, Fit2 is lagging behind competing bands offering SpO2 sensors, built-in GPS receivers and so on.
Keep in mind that this information comes from a community manager, so it may not be 100% reliable – product line decisions are made by people higher up in the company. In any case, it sounds like the band is not coming with the Galaxy Watch5 launch (which will coincide with the launch of the 4th re-foldable), so all we can do is sit back and wait .