The HTC One M8 hasn't been out for all that long, but that doesn't mean it's not too early for the variants to start coming. The "M8 Ace" leaked out in pictographic style in early April, but haven't learned much about it since then. Until now.
Engadget is reporting that the M8 Ace will have a plastic unibody design (something like a cross between the aluminum-bodied One M8 and the plastic shell HTC Desire 610). That plastic body will include a 5-inch 1080p display (like the HTC One M8) with a 2..5GHz quad-core Snapdragon 801 processor.
Those specs actually rival the Samsung Galaxy S5, which if true would be rather interesting. More interesting is the pricing that Engadget is reporting: CN¥3,000 (about US$480).
The strategy here would be an interesting one. HTC last year released the Butterfly S with a plastic body and higher specs than the One M7 of that year, but it wasn't positioned as a lower-cost alternative to the flagship.