Codenamed as 'Lettuce', OnePlus Two is now making some noise after company executives Carl and David announced its release slated within Q2-Q3 of 2015. As per Carl's pronouncement at the AMA session: "OnePlus 2 should be out in Q2 or Q3 of 2015. We've seen a lot of people asking for a smaller device, and want to let everyone know that we hear you. We're thinking about it."

While no definite specs have been released yet, representatives are now thinking about the release of a smaller OnePlus Two, as compared to its bulky predecessor OnePlus One. It will allegedly run on an Android L platform, with more responsive touchscreen and faster hardware performance.

The said device also aims to compete with the flagships Samsung Galaxy S5, Google Nexus 5, and HTC One.

Dangling a price tag of $300 with surprisingly high-end features, its predecessor OnePlus One easily became one of the most sought-after midrange phones. In fact, according to PC Advisor, this model can compete with Samsung Galaxy S5, Sony Xperia Z2, LG G3, and HTC One M8.

Here's a recap of OnePlus One's specs and features to help you manage your expectations on OnePlus Two:

Design and Display

Undoubtedly one of the biggest phones in the market (coming in 152.9x75.9x8.9mm), The OnePlus One still has a minimalist appearance with its chrome plate around the rear camera, a monolithic black front screen, and the logos on the back cover. The front screen features capacitive keys which can be deactivated in order to use the on-screen navigation bar.

It has a 5.5-inch LTPS LCD display rendering a resolution of 1080 x 1920 pixels, with a density of 401 ppi.

Hardware and OS

If you're looking for a faster smartphone, OnePlus One's hardware does not disappoint: It is powered by a 2.5 GHz quad core krait 400 processor and Qualcomm MSM8974AC Snapdragon 801 chipset. It comes with 3GB of RAM ideal for gaming.

You can choose between its 16 and 64GB variants, but it doesn't have a MicroSD slot for additional memory.

The device also runs on the Android 4.4 KitKat OS based on the Android platform called CyanogenMod 11S, so you can tweak the interface including its icons, general UI look and feel, fonts, etc.

Camera

The OnePlus One sports a 13 MP camera with Sony Exmor RS sensor, coupled with a 6 part optic system and dual-tone LED perfect for taking selfies. It also has 5 MP secondary camera set an 80-degree angle.

Battery

OnePlus One is fully loaded with 3100 mAh battery life.

There you have it. Now, watch out for more news about the release date of OnePlus Two.