One of the biggest pain points for the Samsung Galaxy Gear -- aside from limited compatibility -- would be that Samsung has priced the device a bit higher than many were willing to pay for it. When it launched with a $300 price point, most people were not rushing out to buy it. While there were still some sales of the device it was not nearly as many as they may have had at a more affordable, easier to swallow price tag. It seems as though Samsung has realized this and a price cut is finally on the way.
Starting in India, Samsung has slashed the price of the Galaxy Gear and an international price cut is said to be following. In many regions outside of the US the Galaxy Gear was priced even higher than $300, and in India they have cut the price of the Gear by $125 which brings it down to RS15,290 (or around $245).
This would lead us to believe that Samsung is going to be rolling out a price cut in the US of around $50 and this could be due to the rumors of an upcoming second generation Galaxy Gear release. Samsung has some big announcements planned for the end of the month at MWC so be sure to stay tuned for information on a price cut in additional regions.