Here's our breakdown of everything you need to know about the OnePlus One

Pros and Cons:

There are many features that make the OnePlus One a decent device to own. It has a powerful 4-core CPU that clocks 2.5GHz. The 5.5-inch display with a high pixel density of 401ppi makes it a phablet - something more than a smartphone. The phone also supports NFC.

The OnePlus One doesn't have any expansion slot. It is available with either 16GB or 64GB storage and you will be stuck with it. The phone is also relatively heavier at 162g. Besides, there is no HDMI port in the phone.

Specs:

The OnePlus One has a 5.5-inch LTPS LCD display. The touchscreen has a resolution of 1080x1920 pixels at 401ppi. The smartphone has a 13MP primary camera and a 5MP front facing camera. It is powered by a customized version of Android KitKat v4.4.2 called 11S, which can be upgraded to v4.4.4. The phone has a 2.5GHz, quad-core Krait 400 CPU supported by 3GB RAM and Andreno 330 GPU.The phone is available in 16GB and 64GB models without any storage expansion capacity. The phone is 8.9mm thick and weighs 162g. The phablet is available in two color options - Sandstone Black and Silk White.

Talking Points:

The OnePlus One was unveiled in April 2014. According to the TIME magazine, it is the "phone of dreams." What made the phone unique was that only 10,000 units were made available and only those with invites could purchase it.

In April, the company ran the "Smash the Past" campaign. Thousands of non-participants destroyed their phones to be able to purchase the OnePlus One for just $1. The Campaign received 140k participants and the lucky 100 winners were awarded the phone for $1.

Prices:

The OnePlus One was launched with a price tag of $299 for the 16GB model and $349 for the 64GB version. This puts it in the league of affordable Android phones with powerful CPU, 3GB of RAM, 5.5-inch display and a 13MP camera - features which are difficult to find even in phones available in the $500+ category.

Conclusion:

The OnePlus One is aptly described to be the "phone of dreams" by the TIME magazine. Sans an expansion slot, it has all the features, even better to put even the iPhone 6 to shame.