Based on the leaked image above, it looks like HTC is going to build upon their One design with a mid-range version, codenamed the M4. Identical in looks and smaller in size, the M4 packs 2GB of RAM, a dual-core processor and 16GB of internal memory behind a 4.3-inch 720p display (compared to the quad-core processor and 32GB of memory of the One).
The M4 will ship with a 1,700 mAh battery which cannot be removed from the device. As with the HTC One, the M4 will reportedly include HTC’s UltraPixel camera and Beats Audio-powered front-facing speakers. If the HTC One has piqued your interest but eluded your budget, or you’ve just been waiting for a smaller phone with decent specs, then the M4 may be the device you’ve been waiting for. The device is expected to ship near the end of Q2, and will sport Android Jellybean 4.2, which even the One has yet to see.