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OnePlus 2 gets an important updateIBTimes India/ Anirban Roy

All eyes are on OnePlus' upcoming flagship smartphone dubbed as the OnePlus 3. Expectations on the device are high after the success of its predecessors, the OnePlus One and OnePlus 2, and it could come with impressive specifications if one is to go by the reports.

The Chinese smartphone manufacturer is yet to reveal the release date of the OnePlus 3, but reports have claimed that it will come in June. The OnePlus One was released in June 2014 and the OnePlus 2 in August 2015, so the upcoming next-generation smartphone could be launched at around this time of the year.

Interestingly, a report by Phone Arena has claimed that the OnePlus 3 could be cheaper than its predecessor, and perhaps starts at just $310 or $320 compared to $330 for the 3GB RAM model of the OnePlus 2, and $390 for the 4GB RAM variant. It went on to say that there are possibilities of OnePlus 3 coming with a price tag of around $320 for the 4GB model, and $400 for the 6GB variant.

It may be mentioned that the price of the device could be different when it hits the stores, as the aforementioned price tag is just a calculation made by Phone Arena based on OnePlus' past trend in pricing its products and specifications expected in the device.

The Chinese tech giant is tight-lipped on its upcoming flagship but a device with model number OnePlus A3000, believed to be the OnePlus 3, has been spotted on AnTuTu benchmarking site (via Weibo via 9to5Google). The device has a 1,920x1,080p screen resolution, a Qualcomm Snapdragon 820 processor, an Adreno 530 GPU, an Android 6.0.1 Marshmallow, a 32GB internal storage, a 4GB RAM, a 16MP main camera, and an 8MP front-snapper.

There are conflicting reports on the specifications of the device with some claiming that it will sport a 5.5-inch display with 1,920x1,080 pixels. It is also reported that the handset may house a 3,500mAh battery with fast charging technology, and come packed with a 64GB internal storage and a 6GB RAM.