Samsung may have just unveiled its Galaxy Gear smart watch with much fanfare two weeks ago, but it may already be working on the next generation of the device, according to a new report.

As reported by CNET, Korean news site Digital Times says the Samsung is hard at work on the Galaxy Gear 2, which could hit the market in early 2014, possibly at the International Consumer Electronics Show in January or Mobile World Congress in February. Its first-generation smart watch, unveiled on Sept. 4, is scheduled to go on sale in October.