​OnePlus Two will arrive next quarter, not earlier

OnePlus' second-generation handset is definitely on its way, but not quite as soon as some hoped for.

Despite rumours suggesting an imminent release of the OnePlus Two, it looks like the handset will in fact be available during the third quarter of this year.

Speculation that OnePlus would announce its second-generation device this week have been put to rest by the company's founder Carl Pei, who confirmed the device is still on track for its original release date of "sometime" around the third quarter.

In addition, a OnePlus spokesperson confirmed to ZDNet that the OnePlus 2 will be released in Q3.

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Hopes for an early release were raised last week when OnePlus announced on Twitter that, on June 1, it would reveal one more way it would "shake up the tech industry". The company hasn't yet revealed what that is, but should do so shortly, according to the spokesperson.

OnePlus recently dropped its invite system to purchase the OnePlus One, its first and to date only handset, but it will be reintroduced for the OnePlus Two.

This time, however, the invite system may not be as long-lasting as it was for the first release.

Pei told AusDroid at Google IO last week that the company was "very risk averse" during the launch of its first phone, but this time around it will be a lot more confident. OnePlus initially expected to sell up to 100,000 phones, but has since its launch sold over one million devices.

OnePlus has also been developing an alternative operating system to Oxygen OS for Asian markets called Hydrogen OS.

Rumours suggest the next handset from OnePlus will run a Snapdragon 810 processor, have 3GB RAM, and cost around $400.

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