T-Mobile has lowered the price of the HTC One S to $149.99 with a 2-year contract.
The carrier cut the price down on the handset earlier this week as part of a limited time special that will end on Aug. 21.
Other carriers have dropped prices on HTC's other flagship smartphones including the One X in the past few weeks. This could be due to the company's plans to release a new HTC device sometime in the near future.
The device launched on the carrier back in April and is part of the company's One series that also includes the One X and One V.
Specifications on the HTC One S include a 4.3-inch display with 960 x 540 resolution, a dual-core SnapDragon S4 processor, an 8-megapixel camera and Android 4.0 Ice Cream Sandwich.
Two powerful HTC devices showed up in Benchmarks last month, with one of them being a smartphone to be released on Verizon. This could be the handset HTC is dropping prices for.
This device surfaced on the popular GLBenchmark tool website and its model number is HTC6435, which seems to make it a follow-up smartphone to the HTC Rezound "HTC6425."
The GLBenchmark also revealed that this new HTC handset features a 1.5GHz processor, different from the Snapdragon S4 included on the Ice Cream Sandwich-powered One X smartphone released earlier this year on AT&T.
This device even topped the S4 chipset, with more than 120 FPS in the Egypt Offscreen and Pro 720p tests.
It also reportedly features a display with a 1794 x 1080 resolution, which means it will be 1080p.
Verizon Wireless is rumored to be the carrier to offer the new HTC handset, so it will most likely be a 4G LTE device on par with the One X, Galaxy S3, and upcoming iPhone.