Samsung is planning for a market rollout of the Gear S3 smartwatch in mid-November.

As reported by The Korea Times, a Samsung official said that, "We decided to market the Gear S3 midway through November at the latest in Korea and some other countries."

Samsung will officially announce the price of the wearable once the launch date has been definite and fixed.

There are two variants of the smartwatch: the Gear S3 classic and Gear S3 frontier variants.

The Gear S3 classic will sport a sophisticated, svelte and fancy design. On the other hand, the Gear S3 frontier features a more rugged look.

Accordingly, the two variants are identical in terms of specs, save for design and its weight.

"With smart capabilities and sophisticated, elegant design, the Gear S3 marks a significant addition to our smartwatch portfolio," said Younghee Lee, Samsung's executive VP for Global Marketing in the company's Mobile Communications Business division.

The wearable is also said to have a number of improvements from its predecessor, Gear S2.

The device is made of durable stainless steel, which provides a premium and classy feel.

The 1.3-inch AMOLED screen is protected by Gorilla Glass SR+, making it more damage-resistant in comparison to the Gorilla Glass 3 that the Gear S2 has.

It also sports a more substantial battery capacity, as the Gear S3 comes with a 380 mAH battery. Accordingly, it can last up to four days on a single charge.

The commended rotating bezel input scheme still remains on the Gear S3, together with the Always-On-Display (AOD) feature.

The Gear S3 also comes with a built-in GPS. This feature is useful for geotagging and running activities, and an IP68 water resistance rating.

Not only that, Samsung is reported to be developing an iOS app to integrate with the smartwatch.

Hence, the Gear S3 will support Android smartphones plus a breakthrough for its upcoming support for iPhone units.

"We are confident that the Gear S3 will be one of the most loved smartwatches for users, as we focused on bringing cutting-edge technologies and emotional designs to it," the Samsung official said.

Gear S3 would face a direct competition from Apple Watch 2 series, which was launched in September.

According to research firm IDC, Apple got 47 percent of global smartwatch market in the second quarter of this year, whereas Samsung was only at 16 percent.

To have a face-to-face direct competition with Apple, the Korean tech giant needs to put on its thinking cap prior its official launch to make the Gear S3 the primary wearable to watch out for.