Following the release of its flagship phones OnePlus One in 2014 and OnePlus 2 in 2015, the Chinese tech startup will apparently release the OnePlus 3 in June.

Even though OnePlus 2 did not make an impact as much as the OnePlus One, the upcoming successor is believed to be a stunner. Apart from the flagship series, the company also released a mid-range smartphone called OnePlus X in 2015. Following this, it got rid of the infamous invitation system, which helped the company keep the inventory under control.

Speaking of OnePlus 3, CNET says the company's co-founder Carl Pei confirmed that the OnePlus 2 successor will be released toward the end of the second quarter of 2016, which translates to June. He also acknowledged that the OnePlus 3 will sport a "new design." In comparison, the OnePlus One and OnePlus 2 share the same design philosophy.

Pei also guaranteed that customers will be "captivated" by the OnePlus 3. “The U.S. will be very important for us this year," he apparently admitted. This device will be sold as an unlocked variant in the U.S. and other regions.

Although OnePlus has not revealed the price yet, the upcoming device is reportedly not expected to cost more than the predecessor. Therefore, it is safe to assume that the starting price will be in the ambit of $350.

Moving on to the rumored OnePlus 3 specifications, Phone Arena says Qualcomm’s Snapdragon 820 processor will power this handset. This is the same chipset powering the Samsung Galaxy S7, Galaxy S7 Edge, LG G5 and the latest Xiaomi Mi 5.

There is no confirmation on the display size of the device. However, the screen resolution is believed to be 1080p.

In any case, readers should note that OnePlus has not confirmed the rumored specifications yet. As we move close to the release timeframe, this tech startup will tease key configurations and features of the device.