Samsung's Gold Smartwach Much Cheaper than Apple's

The Verge reported that Samsung Electronics Co. Ltd. (KRX:005930) has launched a new gold smartwatch that’s significantly cheaper than the one made by Apple Inc. (NASDAQ:AAPL). Called the Gear S2 Classic, the smartwatch was launched today and comes in rose gold and platinum versions.
As quoted in the market news:

Samsung hasn’t provided a detailed breakdown of availability and prices, but we’ve seen the gold and platinum variants of the S2 Classic available for preorder for €480 in Europe. That’s around $520, although Samsung hasn’t confirmed this information yet.
This price tag might seem unusual at first glance, especially compared to Apple’s rose gold smartwatch, which can set you back as much as $17,000 dollars. However, the difference is to be expected when you consider how much precious metal you’re actually buying: Samsung’s gold is just plating on top of the Classic’s stainless steel body, while the Apple Watch Edition is solid gold.

Click here to read the full report from The Verge.