It is very clear that the current price cut of OnePlus 2 is done to clear the stacked stock and to make new space for its latest model OnePlus 3. The price cut is permanent and its new price is $349 down from $389. As 16 GB model is already discontinued so the current price cut is for 64 GB model. OnePlus 3 will be announce in between March and July of 2016 as previous models like OnePlus One was announced on April 2014 and OnePlus 2 on July 2015. OnePlus 3 will come with more advance specifications compared to previous version. So stay with us for more info.