OnePlus recently confirmed plans to host a June 1 event, with speculation rife around the potential introduction of the eagerly awaited OnePlus Two.
Now, however, it has been suggested that the wait for new hardware will continue, with the Chinese manufacturer to instead announce a global price cut for its existing flagship device.
At present the 16GB, silk white OnePlus One will set wannabe owners back £228. The larger, 64GB, sandstone black offering is priced at £268.
If accurate, the mooted price drop would likely see the two models retail for around £199 and £249 respectively.
Related: Samsung Galaxy S7 release date
A device which shook up the smartphone space when first introduced early last year, the OnePlus One paired a high-end array of specs with a wallet-friendly price tag.
Packing 3GB of RAM and a 3100mAh battery, the 8.9mm thick device is further enhanced by a 13-megapixel primary camera and a secondary, 5-megapixel shooter up front.
Despite speculation of an imminent OnePlus Two release having been dampened, the manufacturer recently confirmed the upcoming handset will be a “different device with a difference price” and will omit wireless charging capabilities.