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Smaller version of HTC One smartphone reportedly in the works

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HTC is reportedly working on a "mini" version of its HTC One flagship smartphone that could launch this summer.

The mini version is expected to feature a smaller screen than the flagship -- likely 4.3 inches compared with 4.7 inches -- with a lower screen resolution, according to Bloomberg, which cited unnamed sources. The aluminum-body device will also likely run on a less powerful processor built by Qualcomm.

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The Taiwanese company is hoping to release the mini phone by August at the latest, Bloomberg said.

The HTC One mini would be the company's response to Samsung, which last month unveiled that it's building a mini version of the Galaxy S 4, the HTC One's main rival. Samsung will showcase the GS4 mini later this month at a press event.

Launching a smaller version of the HTC One should help HTC attract users who don't want an iPhone but don't want a phone that's as big as the HTC One.

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