https://www.cnet.com/news/razer-phone-2-leak-event-livestream-what-to-expect/

Razer also recently, albeit temporarily, slashed the price of the original Razer Phone by $300 to $400 (the original price was $700). Was that a means to clear out some inventory before the new phone arrives? Possibly, but we'll have to wait until Wednesday night to know for sure. 

The original Razer Phone, released late last year, was the company's first flagship Android phone. CNET praised the phone for its ultrasmooth Android performance with its 120Hz screen and impressive speakers, but its camera left a lot to be desired, especially in low-light situations.