It is unclear whether the watch will be a self-contained product, or rely on a Bluetooth connection to a smartphone.
The claimed code name of the project, Altius, is causing some confusion, as SamMobile had previously reported this to be the code name for the Galaxy S IV expected to be launched on April 15, though other code names have been associated with that handset. The watch screenshots indicate that the device is running software called AltiusOS beta2, and an app navigation screen bears a resemblance to the tiles seen on Windows Phone.
SlashGear notes that the screenshots are 500x500 pixels, and suggests that this may be the resolution of the screen.
Apple and Samsung are of course not the only major electronics companies apparently seeking to break into the watch market, with Sony offering another example in the form of its Android-compatible SmartWatch. But given the tense relationship between Apple and Samsung, it is notable that the two companies appear to be preparing to face off yet again in a new market.