Last week the Taiwanese smartphone manufacturer, HTC Corporation, began teasing the release of its latest mobile device via the company's twitter.

HTC posted that it would be holding a conference in New York on March 25 and telling people "Simple is beautiful. You'll see for yourself."

Rumors began to surface as many were positive HTC was gearing up to release the HTC One 2, the successor to the HTC One, which debuted on the market around this time last year.

The HTC One, which was the company's flagship phone, won Best Smartphone of 2013 at the Mobile World Congress tech convention in Barcelona last month.

According to the International Business Times, the One's follow up phone, officially named the HTC One Up but codenamed M8 for a time, will be released for sale to 110 countries two weeks after the March 25 unveiling.

Though the company has yet to release any official photo or description of the new device, numerous reports are going on the leaked information and photographs from the Twitter group @evleaks, which posted HTC's teaser trailer of the One Up.

The rumored features surrounding HTC's One Up include a 5.1-inch screen with no physical button, a quad-core 2.3GHz Qualcomm Snapdragon 800 processor with Adreno 330 GPU, a 4MP front camera, a microSD card slot and a 2900mAh battery with LTE connectivity.

A Chinese mobilemaker allegedly created a similar phone or a "clone" of the One Up dubbed the Goophone M8.

International Business Times review of the clone-phone was disappointing as many of the rumored features for the One Up were not included in the Goophone M8, such as its lack of a dual lens camera and Android 4.4.2 KitKat OS.

However, the Chinese clone-phone manufacturer sold its Goophone M8 for only $229.

The official price of the One Up has yet to be announced but news reports suspect it will cost about the same as the HTC One when it was released.

HTC also tweeted that its One Up will be Samsung's Galaxy S5's main competition.