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HTC One Mini's existence confirmed, set for an August release

We're quite sure that the HTCOne Mini exists, but official details are a little hard to come by. But according to Bloomberg's sources, the HTCOne mini is scheduled for an August 2013 release date.
June 12, 2013
HTC One mini 1

We’ve only heard a few little pieces and rumors here and there regarding the new HTCOne Mini, and even though it looks almost certain that the handset exists, nothing concrete has come out from HTCso far. However, some more information has recently emerged from sources “familiar with the matter”.

According to two informants briefed on the plans for the smartphone, who wished to remain anonymous; the HTCOne Mini will be on sale by August this year. This information, which was passed on to Bloomberg, matches up nicely with the expected release date that we’ve heard before, and is additional confirmation that the product actually exists.

Furthermore, one of the sources stated, rather obviously perhaps, that the handset would probably ship with a less-powerful Qualcomm processor and a lower-resolution screen than the flagship model, which again confirms what we had already suspected.

For a quick recap, the HTCOne mini is supposedly equipped with dual-core processor, possibly a Snapdragon 400 rather than the Snapdragon 600 quad-core found in its bigger brother, 2GB RAM, 16GB of internal storage space, and a 4-megapixel camera using HTC’s UltraPixel technology.

As for the size, the screen is going to be cut down to 4.3 inches, which was again confirmed by Bloomberg’s sources, with a resolution of just 720p rather than the 1080p 4.7 inch display in the HTCOne. However it is worth pointing out that HTChas declined to comment specifically about the handset, so there’s no official word about the smartphones specifications just yet.

The HTCOne Mini could well turn out to be another crucial product for the struggling manufacturer, not only because it will be going head to head with the Samsung Galaxy S4 Mini, but because the company is in desperate need of new products to prop up its sales figures.

Although the HTCOne is selling well, some are forecasting a peak already, which means that the One Mini could well be HTC’s next vital life-line. But the important question is; will consumers love it as much as the HTCOne?