HTC is rumored to be preparing to release a mid-range variant of its critically acclaimed One smartphone. Earlier reports claimed that the device, codenamed M4, was similar to the HTC First without the integration of Facebook Home, however this my not be the case. According to Digitimes, the M4 will be equipped with a “metal-alloy chassis” that is being supplied by Catcher Technology. The latest rumors suggest that the mid-range smartphone will feature a 4.3-inch 720p HD display, a 1.2GHz Snapdragon 400 processor and an “Ultrapixel” rear camera. The device may also include 16GB of internal storage, 1GB of RAM and Sense 5 atop Android 4.2.2 Jelly Bean. Shipments of the HTC M4 are reportedly scheduled to begin in June with wider availability in the third quarter.