The wait for the HTC One mini 2 is over. The downsized version of HTC’s latest flagship got its official unveiling today, and as expected, it is just as beautiful as its big brother. Like its predecessor, however, it packs midrange specifications in an effort to be more affordable — but there are some treats under the hood.

The One mini 2 is mostly made out of aluminum — just like the One M8 — but a plastic chassis holds everything together. You can see this around the front edge of the phone, but it certainly doesn’t look out of place; the handset looks just as good as we anticipated and expected from HTC.

Inside the One mini 2, there’s a 4.5-inch 720p display, a 1.2GHz quad-core Snapdragon 400 processor, NFC connectivity, a 2,100mAh battery, and a microSD card slot. It also boasts those impressive BoomSound speakers, but other HTC trademarks are missing.

The Duo Camera that separates the One M8 from its rivals was not passed down. In fact, the One mini 2 didn’t even get an UltraPixel camera. Instead, it has a regular 13-megapixel sensor. Ironically, there will be a large number of consumers who would prefer that over the One M8’s camera, which has only a 4-megapixel resolution and isn’t as consistent as traditional smartphone cameras.

The One mini 2 also lacks an infrared blaster, and the One M8’s handy Motion Launch gestures. But as expected, it does offer HTC’s excellent Sense 6 user interface — by far my favorite on Android right now — on top of the latest Android 4.4.2 operating system.

The One mini 2 won’t compete with high-end flagships when it comes to pure performance, but it isn’t trying to; HTC has the One M8 for that. This device is bidding to be the best midrange smartphone money can buy this year, and its design and specifications give it a great shot at that.

A quad-core processor, 13-megapixel camera, and the latest Android OS mean the One mini 2 is still a very capable device that’ll have no issues running the latest apps and games. It’s also a nice size for those who don’t like phones with giant screens.

We don’t know how much the One mini 2 will cost yet, but it will be available in Europe, the Middle East, Africa, and Asia in June.