The budget version of the Samsung Galaxy Note 3 is allegedly on its way - thanks to a leaked user agent profile (UAProf) of the device. According to the leaked UAProf, the Note 3 Lite will be downgraded to a 720p display and is supposed to run on Android 4.3 Jelly Bean.

In contrast to the AMOLED screen of the standard Samsung Galaxy Note 3, there is a high chance that the Lite version will come with an LCD. Although the screen size of the handset will remain at 5.7 inches, the resolution will reportedly be downgraded.

From the standard 1080 by 1920 pixel resolution, the Samsung Galaxy Note 3 will come with a 1280 by 720 pixel resolution. According to SamMobile, the downgrade is noticeable though pixel density loss would be kept at a minimum should the screen size be lowered.

The UAProf of the SM-N750 - supposedly the Samsung Galaxy Note 3 also showed that the device will be running on Android 4.3 Jelly Bean. However, considering that Android 4.4 KitKat version is already out, some are betting on at least a software upgrade for the Lite version of the Note 3.

Tech Radar also notes a downgrade in terms of the device's camera. The standard Samsung Galaxy Note 3 comes with a 13mp camera - something that will be replaced with an 8mp camera in the Note 3 Lite.

The non-LTE variant is also said to be incomparable to the standard version when it comes to hardware. All these rumored downgrades can be attributed to the device's expected cheaper price tag compared to the standard version.

Samsung is yet to confirm rumors regarding the supposed cheaper version of the standard Samsung Galaxy Note 3. However, everyone expects the device to penetrate the market by the first quarter of 2014 right after the MWC.