Qualcomm revealed that OnePlus is set to launch “something new” powered by its Snapdragon 821 processor, with speculation that it will be an upgraded version of OnePlus 3.

qualcomm-oneplusThe US chipmaker made its comments in a tweet, accompanied by a Snapdragon image featuring the OnePlus logo.

OnePlus debuted OnePlus 3 in June, powered by a Qualcomm Snapdragon 820 processor. OnePlus 2 was unveiled in July 2015, indicating the company is on a once-per-year flagship release cycle.

The vendor also said it was not planning a follow-up for its mid-tier OnePlus X smartphone, announced in October 2015.

It is unclear if OnePlus intends to offer additional upgrades to OnePlus 3 beyond the chip – at around six months old, its specification is still competitive if not stunning. A shift to Android 7.0 is likely.

Speculation suggests the name will be OnePlus 3T, and it will be announced later this month for availability in December. Other mooted upgrades include a doubling of storage to 128GB, and battery capacity boost.

And a price hike will take it to around $480 (from $399).

OnePlus has come in for criticism about some of the performance characteristics of the device. While it has a bumper 6GB of RAM, some users noted it takes a parsimonious approach to multitasking, with a limited number of apps able to be held in memory.

This was attributed to a “different strategy for RAM management that benefits the battery”.