If $349 seems higher than you remember, the company actually had a 16GB, $329 model for awhile, but quickly discontinued it in the US. Still, for $349 the device's performance is top shelf -- it packs a Snapdragon 810 chip, 4GB of RAM, 64GB of memory, a 5.5-inch 1080p screen and 3,300 mAh battery. Keep in mind, however, that it lacks NFC, expandable memory and a swappable battery -- and don't use the out-of-spec USB Type-C cable to charge any other devices. As for why it's offering the price drop, OnePlus said that "the cost to produce a OnePlus 2 device has never been lower," but it might also be prepping for a new model -- OnePlus 3, anyone?