The device, set to be launched on February 25 in India, will house Snapdragon 865 chipset with 5G capabilities and come with 48MP quad-camera set up at the rear, according to the sources.
It may also sport pressure-sensitive buttons for gaming.
The device with hole-punch display is likely to have 12GB RAM, 4,400mAh battery with 55-watt fast charging technology.
“iQOO is born to be a challenger just like its users, and the entire design process is guided by the evolving needs of these consumers, who desire for best-in-class performance,” Gagan Arora, Director, Marketing, iQOO, said in a statement recently.
iQOO, which recently announced its entry into India, last week roped in cricketer Virat Kohli as its brand ambassador.