HTC has just pulled the wraps off its latest smartphone, the HTC Butterfly S, at an event in Taiwan on Wednesday, June 19.

After hitting a rough patch that lasted for roughly 12 months, HTC saw its redemption with its HTC Butterfly, a.k.a. the Verizon Droid DNA. Released on the Big Red late last year, the HTC Droid DNA was in fact the company's first smartphone to drive some significant sales.

The company may have its HTC One flagship now, but it's not ready to let that Butterfly fly away just yet. The HTC Butterfly S comes as an update to the world's first smartphone with a full HD display.

The new HTC Butterfly S sports the same 5-inch 1920 x 1080 Super LCD 3 display found on its predecessor and packs a 1.9GHz Qualcomm Snapdragon 600 processor. The HTC One, meanwhile, has a less powerful CPU clocked at 1.7GHz. Other specs of the new Butterfly include 2GB of RAM, 16GB of internal storage and a micro SD card slot for additional memory.

The HTC Butterfly S also gets many of the HTC One's most popular features, including the UltraPixel camera and stereo BoomSound speakers. The phone also has a 2.1-megapixel front shooter for video calls or those ubiquitous "selfies."

The hardware packed on the HTC Butterfly S may not be out of this world, but the device has it right in the battery department. The new smartphone boasts a massive 3,200 mAh battery, marking a great improvement over the 2,020 mAh battery in its predecessor and the 2,300 mAh battery in the HTC One.

When it comes to software, the new HTC Butterfly S runs on Android Jelly Bean with HTC Sense 5 on top and sports the popular BlinkFeed home screen replacement. The smartphone will go on sale in Taiwan starting in July for NT$22,900 (roughly $766).

It remains unclear at this point whether the HTC Butterfly S will make its way to other parts of the world as well, but considering the trajectory of last year's Butterfly it's likely the new iteration will reach at least Japan and Europe.

HTC did not mention whether its Butterfly S would hit the U.S., but notorious HTC tipster LlabTooFeR tweeted that Sprint would carry a variant of the smartphone just like Verizon did last year with the original HTC Butterfly, a.k.a. Droid DNA.