It is also giving people a chance to win the OnePlus 5 by subscribing for an SMS alert for the live streaming launch. It said that 5 winners' names will be announced via Facebook on June 30.

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The highlight of the OnePlus 5 is the dual rear camera setup that will be a massive 23 megapixels.

While the OnePlus 5 launch will take place in China, additional pop-up events will be scheduled in New York, London, Paris, Berlin, Amsterdam, Helsinki, Oulu, Tampere, Tarku and Copenhagen.

The OnePlus 5 is expected to be the slimmest flagship smartphone currently, as suggested by OnePlus CEO Pete Lau. However, it is not clear whether it is the slimmest flagship smartphone out of all the competition or the slimmest among the OnePlus flagships.

In terms of the specifications some leaks suggest that the OnePlus 5 will have a patterned back, a vertical dual camera setup, a metal rim and a home button in the front.

The company has however confirmed that the OnePlus 5 will be powered by Qualcomm's latest 2.35 GHz octa-core Snapdragon 835 processor.

Besides this, the OnePlus 5 is expected to sport a 5.5 inch QHD display.

In terms of the internal storage it is expected to have a 64GB in-built storage which is expandable up to 128GB via microSD card. It will also have a massive 8GB RAM.

The OnePlus 5 will replace the OnePlus 3T and the company earlier this week announced that it will discontinue the latter. The last few stocks of the OnePlus 3T are currently being sold.

It is expected to come with a battery capacity of 4000mAh.

The OnePlus 5 will run on the latest Android 7.1 Nougat operating system.

However, the OnePlus 3T (both 64GB and 128GB variants) will continue to be available for purchase in the Indian market until later this year.