OnePlus One
OnePlus X finally making a debut on 29 October GettyImages

OnePlus appears to be all set to unveil the anticipated OnePlus X on 29 October. The new smartphone would be available as the inferior version of the previously launched OnePlus 2.

The Chinese company has scheduled simultaneous launch events in London, India, Beijing and Jakarta to showcase the OnePlus X. A teaser image on the company's blog confirms the announcement by featuring an "X" on a set of images. The image does not reveal any details about the upcoming smartphone but comes with a tagline that reads, "Powerfully Beautiful."

Often rumoured as the OnePlus Mini, the OnePlus X was recently spotted live at an FCC listing. OnePlus co-founder Carl Pei had hinted at the new smartphone back in April. Pei had confirmed that unlike a flagship offering, the new smartphone would be available as a cheaper option over the OnePlus 2.

Initial reports have claimed that the OnePlus X aka OnePlus Mini will feature a 5-inch 1080p display and be powered by a MediaTek MT6795 (Helio X10) processor. The smartphone is expected to run on the latest Android 6.0 Marshmallow with the company's proprietary OxygenOS custom ROM on top.

Earlier today (14 October), the new OnePlus smartphone got leaked on the Amazon India site. The listing had not detailed the price or availability, but had apparently revealed all the key specifications of the OnePlus smartphone. Further, it suggested the presence of Apple's 3D Touch-like ClearForce technology that touchpad maker Synaptics announced in the recent past.

Shenzhen-based OnePlus has so far sold over 1.5 million units of its OnePlus One launched in 2014 and is aiming to ship between three to five million units this year. Further, the company is aiming to reach the mark of 10 million units in 2016.

The company is using an invite-only model to sell its entire smartphone portfolio, which presently consists of the OnePlus One and OnePlus 2. This system helps the company balance the demand and supply of its offerings in the global markets. Moreover, the new smartphone would be initially available through the same sales model.