HTC One Mini could be incoming, as profits slide at phone-maker

HTC is working up a low-cost take on the glowingly received One handset, reports suggest, as its bids to overturn its weak recent financial performance.

According to PhoneArena, which unearthed a photo of what appears to be a smaller version of the One next to its flagship stablemate, the handset will pack HTC’s UltraPixel camera technology but will swap the premium materials of its bigger brother for a less costly construction.

The phone will also pack a dual-core CPU, 2GB of RAM, 16GB of storage and will run Android 4.2 (Jelly Bean) out of the box, the site claims.

Purportedly codenamed M4 (tellingly HTC informally dubbed the pre-release version of the One as the ‘M7’) the fresh addition to HTC’s smartphone range is expected to land at some time this quarter.

News of HTC’s plans come as it announced a 98 per cent slide in profits during the first quarter, despite the release of the favourably received HTC One.

The phone-maker’s profits for the period stood at a pretty paltry $2.85 million compared with $363 million a year ago.

Source:

Phone Arena