Everyone was expecting Samsung to unveil a smaller variant of its Galaxy S6 flagship but it never really materialized. What the company unveiled, however, is a larger version of both handsets, dubbed as the Galaxy S6 Plus and the Galaxy S6 edge+. Now, the South Korean tech giant may be going back to basics once again as a Galaxy S7 Mini is in the works. With Apple about to unleash a smaller offering of its own, Samsung isn’t planning on backing down and as such plans on going toe to toe with its long-time rival.

According to new reports, the purported Galaxy S7 Mini will be the first ‘mini’ variant that comes with high-end specs from Samsung. The last ‘mini’ flagship from the company was the Galaxy S5 Mini, a mid-range device but with the features of its original flagship counterpart. Now, Samsung will reportedly equip the Galaxy S7 Mini with a Qualcomm Snapdragon 820 or an Exynos 8890 chipset, both of which also happen to be the same chipsets for the variants of the Galaxy S7. It will also feature 3GB of RAM and a 12MP primary snapper.

On Apple’s quarters, its 4-inch handset has long been rumoured to come with decent hardware to appeal to its users who are still sticking with the now aging iPhone 5 variants. If the recent rumours are correct, the iPhone 5SE will be equipped with the Apple A9 chip that’s also fitted on the iPhone 6s and the iPhone 6s Plus. Its minimum storage, however, will start at 16GB, which is now paltry by today’s standards. It will also retain some features that came in with the recent iPhone 6.

It’s important to note that both handsets are yet to be officially unveiled, although Apple is getting ready to kick off its compact offering. Whatever the case, it seems like this year will also see the competition on ‘mini’ variants shaping up.