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HTC was the original Android phone maker. It manufactured the first retail Android device, the T-Mobile G1, as well as the prototype devices Google used to develop the platform. After a solid run, the last few years haven’t been particularly kind to HTC. After reportedly disastrous performance for the HTC One M9, the Taiwanese company is rumored to be planning a vastly different flagship phone for early 2016 called the HTC O2 — the “One” name is apparently gone.

We’re still months out from any official announcement of HTC’s 2015 Flagship device, but the details we’re hearing sound very plausible. The O2 will reportedly have a Snapdragon 820 system-on-a-chip (SoC), replacing the embattled Snapdragon 810 in the One M9. This chip has run hot in all the phones that run it, but the M9 in particular suffered from severe thermal throttling that hurt performance.

The Snapdragon 820 will have a completely different architecture consisting of four custom 64-bit ARM cores (probably called Hydra) designed by Qualcomm. That’s what the company has traditionally used in its SoCs, but the 810 runs reference Cortex ARM cores in an octa-core configuration. The custom solution simply wasn’t ready in time. The device will also reportedly have 4GB of RAM, 32GB or 128GB of storage, and a 3500mAh battery. 

Rumors also point to a QHD (2560×1440) screen, which would be a step up from the M9’s 1080p. A 1440p screen might not be necessary strictly speaking, there are situations where it can look better than a 1080p screen. And shipping a 1080p LCD for the third year in a row made HTC look like it as lagging behind other OEMs anyway. The resolution bump is necessary in 2016.

The HTC O2 (or whatever they call it) will be running Android 6.0 Marshmallow, but that’s not much of a surprise. Any flagship phone released in 2016 will be running the latest version of Android. Software hasn’t really been HTC’s problem lately, though. It’s all about that boring hardware.

The M9 under-performed largely because it looked and felt like the same phone HTC made in 2014. The design was only slightly changed from the M8 to the M9, and many of the specs stayed the same. To turn things around in 2016, the O2 ought to shake up the design — we know HTC is capable of making great hardware and the M7, M8, and M9 are all very well-made. The camera also needs some serious attention, and that’s not mentioned in the leaks. The M9’s 20MP camera was atrocious.

HTC recently saw its market cap drop after another in a series of disappointing quarterly reports. The company is now valued lower than the value of the cash it holds, which does not usually end well. HTC does still have almost $1.5 billion on-hand, which should get it through another product cycle to make the O2 a reality.