HTC M4 looks like a budget version of the One

If you want a smartphone with the same sleek design of the HTC One, but can't quite afford the flagship handset, you can check out the HTC M4. A picture of the handset, which looks like it's going to be a more affordable version of the One, has been leaked, according to PhoneArena.

The HTC M4 will make the One's sleek design more accessible to those on a budget

Instead of the quad-core processor on the One, the M4 will have a dual-core CPU, but it will still have the same 2GB of RAM. Keeping this alive will be a 1,700 mAh battery. On the memory side, the M4 will only be making an appearance with 16GB of internal memory. Judging by the picture, it also looks like the handset will have the same BoomSound speakers as the One.

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The handset is expected to ship with Android 4.2 Jelly Bean, and will no doubt bear some sort of "One" branding. It is interesting to note the codename for the handset - the M4. During its development days, the One was codenamed the M4.

Looking at the phone, HTC has no doubt been taking notes from Samsung. It is following the same business strategy that Samsung has followed. By making its lower-costing handsets look very similar, if not identical to its flagship handset, the company will attract customers who want something as sleek as the One, but are on a tight budget.