Google is coming up with new Nexus series called, Nexus 5, which will be powered by LG. The new phone will be offered at a low cost with its most upgraded version of Nexus series. Nexus 5 will be launched this year, but the company has no announcement yet on the exact date of release.

GizmoChina reported that Nexus 5 will come with 5.2-inch full HD with P-OLED display. It will also have a processor of Qualcomm Snapdragon 620 (MSM8976). The processor will allow faster response for phone's programs and applications.

For those who love saving large files, movies and songs, the new phone will have up to 4GB of LPDDR3-1866 RAM and up to 64GB of eMMC 5.1 internal storage. Nexus 5's battery will be built in. The phone will also have Wifi, USB connector, NFC and Bluetooth capabilities. For phone users who love capturing memories and appreciating pictures, the phone will come with a 13-megapixel rear camera and 4-megapixel front-facing camera.

Nexus 5 will get the latest android operating system which is "Android M" once it launches, TechAdvisor said. It is known that Android is now working on its Android M Preview 3 to correct the loopholes of Android M Preview 2.

Aside from the reported features and specifications, Google and LG made sure that Nexus 5 will be offered at a reasonable price. Buyers can expect a cost of at around $349 to $399. The price may vary depending on the phone memory if it is 32GB and 64GB, according to International Business Times.

GottabeMobile reported that LG Nexus 5 is the refined and upgraded version of LG G4. This means that previous complaints about Nexus phones' camera and battery life have already been taken care of.

Google has never confirmed the date of release yet for their new phone. However, Google Nexus 5 powered by LG will be another breakthrough for Nexus series this year.