Samsung's Galaxy S4 Mini Is Bigger Than The iPhone 5

Samsung unveiled a stripped down version of its flagship Galaxy S4 smartphone on Thursday, aiming to grab a bigger share in the mid-tier segment as growth in the high-end market slows.

The Galaxy S4 mini, has a 4.3-inch screen - still bigger than Apple's 4-inch iPhone 5 - and a 8-mega pixel rear-facing camera.

S4, became Samsung's fastest selling smartphone, has a bigger 5-inch full high-definition screen and a 13-mega pixel camera.

Samsung did not announce a price for the phone or give a launch date and Samsung is also expected to unveil more varieties of the S4 in the upcoming mobile event in London next month including a model with optical camera zoom functionality as well as a phone with water-proof features.