HTC reportedly battling Samsung Galaxy S4 Mini with Mini One

Struggling smartphone maker HTC is reportedly stepping back into the ring with a miniature version of its flagship One handset.

Coming off dismal first quarter earnings, HTC is rumoured to be developing a smaller version of the One, expected for release this summer, according to Bloomberg, which cited sources familiar with the matter.

The new model will have a 4.3in screen — smaller than the original's 4.7in. A HTC spokesman declined to comment on the speculation.

According to Gadget Gestures, meanwhile, which cited Estonian site Forte, the mini HTC One will include a 720p display resolution, 2GB of RAM, and a 4-megapixel camera, all running on Android 4.2.2.

Gadget Gestures said the phone will cost $520 (£332), though that's likely the unlocked price.

The HTC One hit shelves in mid-April, around the same time Samsung unveiled its newest flagship smartphone, the Galaxy S4.

Recently, Samsung announced a 4.3in Galaxy S4 Mini, though it's unclear where the device will be released. The mini version of the Galaxy S3, for example, did not go the world over.

Samsung currently leads the Android smartphone race with 33 per cent of the market. Apple follows with 17 per cent, while all other companies lag behind with less than five per cent share each, according to recent stats from IDC.

By offering a smaller version of its all-aluminium handset, HTC could provide some competition for Samsung's small-scale smartphone, or even the low-cost iPhone that is rumoured to be in development, Bloomberg pointed out.