It seems that this might happen this October, as the China-based manufacturer released a subtle teaser about a product announcement next month. From the looks of the teaser itself, one can hardly tell that the phone in question is, in fact, an eventual Oppo N1 successor. However, Oppo Malaysia might have spilled the beans: when directly asked if it will release a “better phone that Note 4”, the Malaysian branch of Oppo responded by slightly hinting that the make is indeed prepping an N1 successor, allegedly the Oppo N3.
The rumor mill has it that the device in question will flaunt more compact dimensions, better imaging capabilities (we suppose that the distinct swivel camera will also remain on board), as well as up-to-date hardware. We guess we'll know more once October comes.
source: Oppo via GizChina