Samsung is reportedly manufacturing a budget version of its highly successful Galaxy S8, which was released last year.

This is according to new press renders shared on Chinese social networking site Weibo.

According to the images, the Galaxy S8 Lite has a similar appearance to its predecessor, sharing Samsung’s Infinity Display, the dedicated Bixby button and the fingerprint scanner on the next to the rear camera.

However, the specs tell a different story. Although the display size is the same as the S8’s, at 5.8-inches, the resolution is lower – 2220 by 1080 pixels. Meanwhile, the rear camera offers 16 megapixels, and the S8 Lite features a Snapdragon 660 processor chip, 4GB of RAM and 64GB of internal storage. It will likely come with a 3,000mAh battery.

For now, it seems that the device will be available in two colours: black and red. It is also lacking the heart rate sensor present on the S8, but it appears that it is the flagship’s only design feature not replicated in the S8 Lite.

It would follow the launch of the Galaxy A8, a mid-range device with a number of modern smartphone necessities, including minimal bezels and water resistance. In releasing more budget-friendly models, Samsung may be hoping that it will offer enough for all market sectors.

Samsung may also be optimistic that its S8 Lite will prove popular with corporate users who are looking for a strong performer from a trusted brand.

How successful the Galaxy S8 Lite will be remains to be seen, but Samsung certainly looks to be covering its bases at a time when the smartphone market looks to be on a downward trend.

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