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The HTC One mini has been announced, a smaller version of the original HTC One with a 4.7-inch display. It will be available this August.

Among the tradeoffs with the One mini is a step down to a 1.4GHz dual-core processor (Snapdragon 400), a 4.3-inch 720p display, 1GB of RAM, 16GB of non-expandable storage, and the loss of NFC and optical image stabilization for the camera. No word yet on price.

The One mini includes the same UltraPixel camera with The mini will come with Android 4.2.2, running Sense 5.0. It features the same excellent 4MP UltraPixel camera in the back with an f/2.0, 1/3-inch sensor, but no optical image stabilization, with the front camera 1.6MP. It uses a Qualcomm Snapdragon 400 CPU, with a 1.4GHz dual-core GPU Adreno 305 and dual-band, 802.11a/b/g/n, WiFi Direct.

Its design hasn’t strayed too far from the says Engadget. The speakers are a little smaller, and while the back is aluminum, the sides and front edges are polycarbonate. It’s lighter than the One, and a tad thinner (it’s 9.25mm, versus 9.3mm on the One).

LG is expected to introduce its the G-2, a Snapdragon 800-based followup to the original Optimus G, on August 7th.

The Optimus G2 will likely have a 5.2-inch screen and is rumored to include a 13-megapixel rear camera. The current Optimus G (right) has a 4.7-inch display.

Samsung started the “mini” trend of shrinking down large smartphones. Their Samsung S4 Mini features a smaller 4.3 inch display, Android 4.2.2, and a Qualcomm Snapdragon 400 processor, compared to the original Samsung Galaxy S4 with a 5-inch display, 13 megapixel camera, and Qualcomm Snapdragon 600 processor.

Android 4.3 appears to be a pretty minor software update, says Lilliputing, although it does include new Bluetooth features, a tweaked camera app, a new font, and a few other changes. This build also seems to have an updated version of the Google Play Store.

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