Most companies launch one phone in each range per year, OnePlus have a mid-year incremental upgrade, but OPPO will be launching the third version of the Reno before the end of the year.

Companies appear to be scrambling as quickly as possible to launch a Qualcomm Snapdragon 735 based mid-range 5G phone. Realme, Xiaomi and Nokia are all planning on launching phones with the new chipset soon.

While the Qualcomm Snapdragon 735 hasn't been officially announced, Qualcomm did announce a 700-series 5G chipset at IFA. It is likely the new chipset will be announced in December along with the Qualcomm Snapdragon 865.

The new chipset is reported to be a moderate upgrade from the existing Snapdragon 730G, as well as the integrated 5G chipset.

 Qualcomm Snapdragon 765Qualcomm Snapdragon 730G
Fabrication Process7nm8nm LPP
CPU1x Kryo 475 Prime (CA76)
@ 2.3GHz (non-G)
@ 2.4GHz (765G)
1x Kryo 475 Gold (CA76)
@ 2.2GHz
6x Kryo 475 Silver (CA55)
@ 1.8GHz
2x Kryo 470 (CA76)
@ 2.2GHz
6x Kryo 470 (CA55)
@ 1.8GHz
GPUAdreno 620
+20% perf (non-G)
+38% perf (765G)
Adreno 618
AIHexagon 696
HVX + Tensor

5.4TOPS AI
(Total CPU+GPU+HVX+Tensor)
Hexagon 688 Processor
ImagingDual 14-bit Spectra 355 ISP

1x 192MP or 36MP with ZSL
or
2x 22MP with ZSL
Qualcomm Spectra 350 / Dual 14-bit ISPs
ModemSnapdragon X52 Integrated

(LTE Category 24/22)
DL = 1200 Mbps
4x20MHz CA, 256-QAM
UL = 210 Mbps
2x20MHz CA, 256-QAM

(5G NR Sub-6 4x4 100MHz
+ mmWave 2x2 400MHz)
DL = 3700 Mbps
UL = 1600 Mbps
Snapdragon X15 LTE

(Category 15/13)
DL = 800Mbps
3x20MHz CA, 256-QAM
UL = 150Mbps
2x20MHz CA, 64-QAM

The OPPO Reno 3 will be the first device to feature ColorOS 7 and will come with it out of the box.

Currently, all the specs are rumoured but it is expected to include a 60MP primary camera, 4500 mAh battery, 30W fast charging support, up to 8GB RAM and 256GB of internal storage.

The Oppo Reno 2 was announced in August 2019 but the UK launch wasn't until October.

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