The Mobile World Congress 2014 opens on Monday and it looks like Samsung is already taking the lead.
The two devices drop Android in favor of a new operating system called Tizen.
Both smartwatches sport a 1.63-inch touchscreen, 4GB of internal storage, 512MB of RAM, as well as a built-in IR blaster.
The camera on the Gear 2 is no longer placed on the wristband as it is now positioned on the front of the device.
The 300 mAh battery lasts between 2-3 days of typical use.
A heart rate monitor and pedometer for fitness tracking were also added, while almost all of the basic features have not changed.
The Gear 2 and Gear 2 Neo will be available in various color variants, including Charcoal Black and Wild Orange options. The Gear 2 will get a Gold Brown variant and the Gear 2 Neo is set to receive a Mocha Grey color option.
The Samsung smartwatches will be available in April.