Last week we heard that the company has two devices in the works, the OnePlus Two and a budget device which is rumored to be called the OnePlus One Lite.
The OnePlus One Lite will apparently be cheaper than the OnePlus One although will come with improved specs, which would mean that the company intends to replace the OnePlus One.
The OnePlus Two is rumored to come with a Quad HD display with a resolution of 1560 x 1440 pixels, the handset is also expected to get an Octa core processor and 3GB of RAM.
It is not clear as yet on exactly which device will be announced at the OnePlus One press event later today, as soon as we get some more details, we will let you guys know.
Source Android Community