Samsung finally announced the much-awaited Galaxy Note 8 at an event in New York yesterday, which led us to believe that the Korean multinational won’t make a presence at this year’s IFA which starts September 1. However, new reports have emerged which suggest the company’s plans to unveil two new wearable devices at IFA 2017.

According to a report by CNBC, Samsung plans to launch a new Gear S smartwatch next week during IFA consumer electronics show in Berlin, which happens to before the unveiling of the next-generation Apple Watch. Samsung’s mobile vice president, DJ Koh, confirmed the launch of the next-gen Gear S smartwatch at IFA next week in an interview with CNBC. That being said, he did not reveal any specific hardware and design details about the upcoming smartwatch.

Koh, however, did assert slack growth in the wearables market because such devices aren’t offering any useful features for the end user. He further added that health care applications could turn the tide in favor of the wearables market.

Samsung has been making a steady investment in the health sector. The company has an app called Samsung Health which can track signs such as heart rate and stress levels through sensors found on modern day smartphones and smartwatches. Though according to Koh, current sensor technology is still painfully inadequate.

In other related news, Samsung Gear Fit 2 Pro smartband was also accidentally leaked on the company’s website which suggests that the Korean manufacturer is likely to announce the next-gen Gear S smartwatch along with the Gear Fit 2 Pro smartband. According to the listing, the Gear Fit 2 Pro sports a curved AMOLED display along with much-improved water resistance. Other features include Bluetooth 4.2, GPS, GLONASS, and Wi-Fi 802.11 b/g/n. Additionally, it will have multiple-day battery performance, with GPS disabled. In terms of pricing, key sources have tipped that smaller variant the Gear Fit 2 Pro will start at $199.