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OnePlus One Lite may launch today

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OnePlus One
OnePlus One - soon to have a lite brother?

OnePlus may be preparing to launch a OnePlus One Lite alongside the OnePlus Two later today.

We had already heard that OnePlus was preparing to launch two new smartphones in 2015, and that one of those was certain to be the OnePlus Two - a follow-up to last year's cult hit, the OnePlus One.

We also had an inkling that the other phone would be a more affordable option, with the OnePlus Two set to retail for a "different price" to the cheap-as-chips OnePlus One.

With invites sent out to a launch event being held today, we shouldn't have long to find out.

However, a new report from Droidpile could offer more information on what to expect. According to "a source really close to the matter," OnePlus will be launching a OnePlus One Lite alongside the OnePlus Two.

Contrary to its name, this OnePlus One Lite will feature better specs than the original OnePlus One. However, it will still essentially be a revised version of the company's first smartphone.

Read More: What is CyanogenMod?

Unfortunately, the OnePlus One Lite will once again be available through an invite-only system to start with. However, the report claims that OnePlus might have some better plans for the future.

Whatever gets launched today, prospective owners will have the choice of two new Android 5.0 Lollipop-based operating systems to choose from. Both Cyanogen OS 12 and OnePlus's own Oxygen OS have been made available for the OnePlus One in recent weeks.

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