Following months of rumors, HTC has officially added to its smartphone fleet with a compact version of its flagship HTC One. Dubbed the HTC One mini, the phone maintains many of the features found on the HTC One but shrinks some of the specs.

The mini shows up packing new software features like HTC Blinkfeed—the company’s live-tiled homescreen—as well the BoomSound dual-front speakers and the Zoe camera functionality.

But true to its name, the mini’s measurements fall below that of its big brother. The mini sports a 4.3-inch, 720p display as opposed to the One’s 4.7-inch full 1080 variation. Slimmed down from the One’s Snapdragon 600 quad-core processor, the mini rocks a smaller dual-core model but still clocks at an impressive 1.4 GHz.

The mid-tier guts of the mini spell out in 16 GB of storage, 1 GB of RAM, and a 1,800 mAh battery. It adds up to a lighter phone weighing in a 122 grams, compared with the One’s 143 grams.

Like the One, the mini features the UltraPixel camera with a 1/3-inch sensor, but the mini’s front-facing camera only packs 1.6 megapixels—the One has 2.1MP on its front-facing lens.

With the official announcement of the HTC One mini, HTC is following an emerging trend toward offering a slimmed-down version of a flagship phone. Samsung released a “mini” version of its Galaxy S4 phone and Apple is widely rumored to be coming out with an “iPhone Lite” to go alongside the upcoming new iPhone “5S.”

The HTC One mini will be available in select markets starting in August before getting a worldwide release in September.