OnePlus set the stage for growth last year with its first device, the OnePlus One. The CEO, Carl Pei, hinted at two models for 2015 and rumors point to a mid-range device called the OnePlus X. I guess we went from simple arithmetic with the flagship phones(OnePlus One and OnePlus Two)to algebra with naming of the mid-range class.
According to gizmochina.com and their sources, the OnePlus X will arrive with the Qualcomm Snapdragon 801 which should help keep its price point at $249 or lower. Paired with the right hardware, the Snapdragon 801 was a great processor just a year ago and should have no issues in keeping up with the latest version of Android.
Even though this is a mid-range phone, there are other rumors pointing to a premium design with unique features such as a dual camera set-up and USB-C. The OnePlus Two is a large device with a 5.5″ display, so OP looks to be focusing purely on price and design with the X. The X is also speculated to come with a smaller 5″ display for those who prefer devices that can be used with one hand.
Of all of the rumors, I find it most interesting that the OnePlus X is slated to come out in Oct. since they are back-ordered on the OnePlus Two. With all of the issues they have with invites and angered customers finding the invite system annoying, you would hope OnePlus would focus on keeping their main fan base happy by reducing wait times.
Either way, I hope OnePlus does succeed with their phones as they do put pressure on other manufacturers to drop prices.