The HTC One has been going down a storm with reviewers, and while we’ll have to wait and see if that translates into healthy sales, the company may be readying a mid-range handset in the style of its flagship. PhoneArena and @evleaks report that the HTC M4 will carry the same design language as the One, but with more modest specs and a lower price tag.

HTC M4 concept

Twitter tipster @evleaks says that the appearance of the HTC M4 will be “near identical” to the HTC One, just with a smaller 4.3-inch 720p display. That means you’ll get the same dual front-facing speakers, aluminium unibody construction, and Beats branding, but in a handset that should be easier to hold.

As for the specifications, the M4 is said to feature a dual-core Snapdragon processor rather than the quad-core chip found in the HTC One. The handset also reportedly has 16GB of internal storage, 2GB of RAM, LTE connectivity, and the same Ultrapixel technology featured in HTC’s flagship. The battery capacity does drop rather sharply, however, to just 1,700mAh.

The information is almost identical to what @evleaks tipped Unwired View with back in February, but there's a key difference. Back then, the leakster believed the M4 would feature a 13-megapixel camera, but the use of the Ultrapixel brand suggests we’ll be looking at a much lower megapixel count to accommodate the increased pixel size on the sensor. Previous information indicated that the phone would be released in the Spring, but @evleaks now believes it’s coming sometime in the second quarter.