OnePlus has done it again. It’s created a monster smartphone with an incredible array of flagship specs and features — including a 90Hz AMOLED screen and a motorized pop-up selfie cam — at the recently unimaginable price of $699. And it’s actually good.

But the new OnePlus 7 Pro is just one of the two new phones the company announced today. Though OnePlus didn’t even mention it during its big New York City presser, there’s also a regular OnePlus 7 arriving as soon as next month.

You can take a look at the company’s UK product page for all the details, but the short version is this: it’s cheaper (£499 vs. £649), smaller (5mm shorter, 6.41-inch vs. 6.67-inch screen), and way less fancy, with a teardrop notch instead of that pop-up camera. While it’s still got an AMOLED screen, presumably with the inky blacks and vibrant colors they afford, OnePlus doesn’t even bother to list its resolution. (Maybe that’s the catch.)

And yet, we’re talking about a phone that still sounds high-end, with the same top-of-the-line Snapdragon 855 processor, up to 8GB of LPDDR4X RAM and 256GB of fast UFS 3.0 storage, and the same 48-megapixel Sony IMX586 main camera, complete with optical image stabilization and a secondary 5-megapixel depth sensor for portrait mode shots. It’s similarly covered in Gorilla Glass front and back, features the same dual stereo speakers, and even has an in-display optical fingerprint sensor. The battery’s a tad less capacious at 3,700mAh, but then again so is the phone.

It’s a dual-SIM device, too, but that’s probably because it doesn’t seem to be destined for the US. Supported regions appear to be the UK and Europe, China, and India.

We’ll need to wait for a full review to see if it’s really an affordable, smaller alternative to the OnePlus 7 Pro for those regions, instead of an also-ran. But if you don’t need a 90Hz screen, 12GB of RAM, liquid cooling, telephoto and wide-angle cameras, and that motorized pop-up selfie cam, it sounds like it could be a solid upper-midrange option. It’ll arrive in the UK and India this June.