I'd love to be a flagship. LG shrinks its LG G4 to 5 inches and an RRP of 279 Euros. The new G4c model sports a quad-core SoC from Qualcomm, 1 GB of RAM, 8 GB internal storage, NFC, and LTE Cat. 4. Android 5.0.2 Lollipop is preloaded. The downgrade results in a good smartphone that will, however, always be in its big brother's shade.
http://www.notebookcheck.net/LG-G4c-Smartphone-Review.147204.0.html