On Thursday, Taiwanese device-maker HTC formally introduced the new HTC One Mini handset, which is a slightly smaller version of the company's flagship smartphone HTC One; and will hit some markets next month, with its global launch scheduled for September.

The unveiling of the HTC One Mini handset on Thursday came after HTC's Wednesday teaser announcement, via Twitter, revealed that the company has "a `little' bit of news" to be shared the next day. The announcement was accompanied by a picture of the new handset inside a small pocket.

With rumors of the smaller version of the HTC One handset already making rounds the Internet for quite some time, the HTC One Mini handset - as speculated - will basically have the same features as its bigger counterpart; with the key differences between the two handsets being the screen and the processor.

While the flagship HTC One handset features a 4.7-inch 1080p HD screen and a quad-core 1.7 GHz processor; the HTC One Mini has a 4.3-inch 720p HD screen and is equipped with a dual-core 1.4 GHz processor.

Some of the other features of the HTC One Mini include 1GB of DDR2 RAM; 16GB onboard storage capacity; an HTC UltraPixel camera; and a 1.6-megapixel front-facing camera. The handset will work on 4G LTE networks.

About the new HTC One Mini handset, HTC CEO Peter Chou said: "The HTC One mini embodies everything that makes the HTC One a success on a smaller but equally eye-catching scale."