OnePlus
A OnePlus One handset shows the company's motto: "Never Settle." The successor OnePlus 2 will be released Wednesday. OnePlus

The OnePlus 2 will be announced at a press conference scheduled for July 2015, according to reports. The OnePlus One successor is expected to be released with a similar standard of cutting-edge configuration packed in a sleek body and offered at an affordable price range.

Release Date

Carl Pei, the chief executive officer of OnePlus, previously announced that the 2015 flagship would be introduced in the second or third quarter of 2015. Now, a new report from a Chinese publication says the OnePlus 2 release date is set for July.

Specifications

The device will not go through a complete makeover this time around. Instead, it will be an updated version of the well-received OnePlus One. The phone will flaunt 1,080 x 1,920 pixels screen resolution, but the display size has not been confirmed yet. Phone Arena has suggested, however, that the same 5.5-inch display seen in the predecessor will be maintained in the successor as well. The company has reportedly acknowledged that not many users are interested in purchasing gigantic displays.

The handset will be powered by a Qualcomm Snapdragon 810 chipset and will be backed by 3 GB of RAM configuration, according to reports. The smartphone will also sport a 13 megapixel camera.

Price

Gizmo China says the handset is expected to be tough competition to flagships like the Xperia Z3+ and Z4 and HTC One M9 at 1999 yuan in China (approximately US$322). However, Pei apparently acknowledged earlier that a Snapdragon 810-powered OnePlus handset would be reasonably priced at 2499 yuan (US$403), notes Phone Arena. Therefore, the price range is expected to be somewhere between $322 and $403. In any case, this price is comparatively lower than other flagships released in 2015.

The 16 GB variant of the original OnePlus One was priced at $349 when the device was released, whereas the 64 GB model was $399. It's also worth noting that OnePlus has cut the price of the One by $50, again indicating an imminent OnePlus 2 release. Readers should note, however, that the OnePlus 2 will also be following the infamous invitation-only purchase model.