Most of Samsung's wearable devices are for the mid and high-end segment. The company could now be developing a fitness tracker for the entry-level market, which is primarily dominated by Fitbit, Misfit and Xiaomi.

Bearing model number SM-R150, Samsung's upcoming wearable is internally codenamed Triathlon, which indicates that it could be an activity or fitness tracking device. According to exclusive information obtained by Sammobile, Samsung's fitness tacker could bundle similar features seen in Xiaomi's Mi Band that just costs $15 (£10).

Xiaomi recently unveiled the second generation Mi Band, which will be available for purchase at CN ¥99 (£10, $15) in China from 11 November. It is also expected to be released in European and Asian markets in the coming months.

While hardware details of the device are scanty as of now, the disclosure suggests that it will not pack the heart rate sensor, as its model number is lower than the Gear Fit SM-R350. The Gear Fit, company's fitness wristband belonging to Samsung's Gear series wearable, incorporates the heart rate sensor, accelerometer and gyroscope.

As Samsung recently updated the S Health and Gear apps for the non-Galaxy devices powered with Android 4.4 and above, it would not be surprising to see the upcoming fitness tracker is compatible with all Android devices including the Galaxy series.