Hi all,
USB specification says 4.4-5.25v.
Not really.
In a nutshell, only a device using 100mA low-power mode (keyboards, mice, etc) needs to operate on 4.4V, though all devices need to be able to enumerate (but not operate!) on 4.4V, even if they require >100mA.
So effectively, the actual minimum is the 4.75V required for >100mA operation.
Of course, no device is supposed to draw more than 100mA without negotiation.