OnePlus has been rumored to be developing a successor to its "flagship killer" OnePlus One and the smartphone manufacturer has now dropped hints about the type of processor which would power its next-gen phone, as well as the price at which it could be sold.

The highly successful OnePlus One had offered users top-of-the-line specifications at half the price of smartphones being sold by the big players in the market. So OnePlus Two is expected to feature even better hardware specifications and features than its predecessor to provide users with improved mobile performance and flexibility.

The company had not revealed any hardware specifications of the OnePlus Two, but had announced that the upcoming smartphone would be extremely different and surprise people. Earlier rumors have suggested that the OnePlus Two could come with a 5.5-inch display having a resolution of 2,560 X 1,440 pixels and would be powered by a Snapdragon 810 processor with 3GB of RAM and 3,100 mAh battery.

Just a few days ago, OnePlus CEO Pete Lau turned to the Chinese social network Weibo to take a poll of OnePlus fans about what would the right price be for the upcoming OnePlus 2 if it was powered by Qualcomm's Snapdragon 810 processor. After a number of OnePlus fans posted their replies and one user suggested a price of RMB 2500 (about $400), Lau posted that it "seems to be a reasonable price." This suggests that OnePlus Two could be powered by Qualcomm's Snapdragon 810 processor and will be available at a price of about $400.

Recently, Cyanogen and OnePlus had ended their partnership, thus paving the way for the Chinese OEM's OnePlus Two to run on its own custom Android ROM, called Oxygen OS, which is designed to give almost a stock Android like experience, similar to that on the Nexus 6. Lau did not provide any release date, but the company is widely expected to launch OnePlus Two in Q3 2015.