Samsung Announcement LIVE: New Galaxy Note 3 and Galaxy Gear Smartwatch Released

Samung's Unpacked 2013 is scheduled to unveil the company's newest technology this Wednesday at 1pm ET. Among announcements, Samsung is expected to release its latest phone, the Galaxy Note 3, and its newest gadget, the Galaxy Gear Smart Watch. The Unpacked event is being held before the international trade conference "IFA 2013" in Berlin, Germany this year alongside several other technology companies in attendance with their latest gadgets.

The latest rumors hold that company's newest phone the "Note 3" will have a slightly larger screen size and re-designed body. An innovative Exynos 5 OctaChip will be behind the phone's updated processing system. The "Galaxy Gear Watch" is expected to use Bluetooth to connect to any Android smartphone on the watch's 3-inch screen, and will have WiFi enabled for e-mail access and a 10-hour battery life. 

Samsung is attempting to move forward with a lead in the global smartphone marketplace with today's early announcements. Samsung's smartphone devices recently amassed more than twice the market share of its American competitor, the iPhone. Apple will announce the release of its newest iPhone, the 5s model, as early as September 10. A rumored low cost iPhone "lite" is also predicted to be in the works, seen as a model to help the tech giant compete with Samsung's cheaper devices that have grown in dominance in the smartphone market. 

Sony will be holding a rival event on the same day, and is expected to release two devices, its Xperia ZI "Honami," its Xperia Z1 Mini "Itsuki." Other companies expected to make product announcements at IFA Berlin's 2013 conference include HTC and LG. 

Samsung's Unpacked event in 2012 drew a large audience. The event raised some criticism for being detatched from the consumer. This week's announcement of the pricing and release date for Samsung's newest technology is still expected to draw large crowds. 

Visit this page to see the latest updates from the Samsung release, as well as live stream video of the conference.