South Korea-based tech giant Samsung finally unveiled the miniature version of Samsung Galaxy S3 in a media event in Berline that is expected to battle head on with iPhone 5.

Its rival company Apple released iPhone 5 last September, which features a 4-inch screen, slightly bigger than earlier versions of Apple's device with 1136x640 pixel resolution, 4G/LTE connectivity, and iOS 6 mobile operating system.

While many consumers have sought out smartphones with bigger screens, analysts say there's still a big market for smaller devices. Many Apple users, for example, have shunned the larger screen sizes found in Android devices. Thus far, many of the phones with smaller screens have been geared more to the entry level market, not providing the powerful specs found in high-end devices. That means few have given Apple a run for its money.

However, based on the downgraded specs and features of Samsung Galaxy S3 Mini, it is no iPhone 5 killer. Below is the comparison of the two devices.

Screen Display - Both devices sport 4 inch screen size.

Processor - Samsung Galaxy S3 Mini is powered by dual-core 1GHz Ericsson NovaThor chipset, while iPhone 5 is powered by A6 chipset.

Operating System - Samsung Galaxy S3 Mini comes with Android v4.1 Jelly Bean. iPhone 5 is run by iOS 6 mobile software.

4G/LTE Connectivity - One of the selling points of iPhone 5 is 4G/LTE support. However, Samsung Galaxy S3 Mini does not support this feature.

NFC - iPhone 5 does not support Near Field Communication. According to reports, users can choose whether the Galaxy S3 Mini has an NFC feature or not through its S-Beam feature.

Storage - Samsung Galaxy S3 Mini will be available with 8GB and 16GB storage variants with microSD slot up to 32GB. iPhone 5 is available with 16GB, 32GB and 64GB variants.

Camera - Samsung Galaxy S3 Mini has 5 megapixel rear camera and VGA front shooter compared to iPhone 5's 8 megapixel shooter.

Battery - Samsung Galaxy S3 Mini has 1500 mAh against iPhone 5's 9 hours battery life.

There is no official word yet from Samsung about the pricing and availability of Samsung Galaxy S3 Mini. However, iPhone 5 is available in Apple Stores and various carriers.