QuickTime Lite is a trimmed-down version of QuickTime that contains only the essential components needed for playing QuickTime content that is embedded in webpages. If you want to Full version QuickTime Lite 4.1.0 Free Download then go through the downloading links.
Advantages of QuickTime Lite are:
Quick and easy install
Ability to make an unattended installation
No background processes
No unwanted stuff and other nonsense
Smaller size than Apple QuickTime
It comes bundled with Media Player Classic - a freeware media player that supports both QuickTime Lite and Real Alternative.
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