OnePlus 3: Pricing rumoured at $310 with two versions of the device expected

Fresh details have emerged about the much anticipated OnePlus 3 with a report claiming that the upcoming flagship could be priced at 1999 yuan ($310). The price is indicative for the base variant, as the flagship is expected to come in two variants.

The leak reported by GizmoChina also has details about the two variants expected. There could be a standard base model featuring Snapdragon 820 with 4GB of RAM and 32GB of storage, and a high-end variant with the same Snapdragon 820 but higher RAM of 6GB and more internal storage of 64GB. The high-end variant is expected to be pricier with expectations of it bearing a difference of at least $40 - $60.

If the current leaked price turns out to be true, it will make the yet unreleased OnePlus 3, a tad cheaper than the OnePlus 2 which was launched at $329. The pricing and the specs make the phone a tough competitor to its fellow Chinese brand Xiaomi's recently released Mi5.

As for the release date for the device, OnePlus co-founder Carl Pei stated in February that the company's latest smartphone was expected to launch by the end of Q2 2016, indicating it could hit the shelves by June. Some rumours also surfaced about a May-end release for the device.

Like all OnePlus phones, the upcoming device is also slated to be first available in limited numbers to only those possessing an invite. Later the invite system will be discontinued and the device will be up for sale to all.

The OnePlus 3 will be the company's fourth smartphone release succeeding the OnePlus 2. The two other models are the company's maiden release OnePlus One and a compact variant OnePlus X.