You probably heard the rumors saying that, for some reason, LG has stopped the production of its highly-appreciated Nexus 4. The journalists at IBITimes where the ones and only to write about the matter, so we'd advise you to take the information with a pinch of salt.

In order to make you forget about the sad news regarding the alleged halted production of the Nexus 4, today we are bringing you exciting news about the next generation of Nexus device, that will most likely be unveiled at Google I/O event scheduled for this May. We are talking about the Nexus 5 smartphone and Nexus 7.7 tablet, both co-developed by Google and LG.

The rumors were ignited by a Korean forum, which also unveiled the technical specifications of the LG Nexus 5 and the LG Nexus 7.7.

Google has made a habit out of unveiling new gadgets synchronized with the debut of new Android versions, so we are expecting new terminals to arrive at the search engine giant's Google I/O event in May.

Last year, Google launched Android 4.1 Jelly Bean and it's first tablet, the Nexus 7 in June, then Android 4.2 Jelly Bean, LG Nexus 4 and Samsung Nexus 10 followed in October.

Android 5.0 Key Lime Pie is expected to show up at Google I/O, and according to the latest rumors, it will be accompanied by two new terminals manufactured by LG, unofficially dubbed Nexus 5 and Nexus 7.7, a smartphone and a tablet, respectively.

Even though we are not sure how Google will name its next smartphone, Nexus 5 seems like the best option, considering that it will be the fifth generation of the company's Nexus series, which debuted with HTC's Nexus One in January 2010.

CES 2013 showed us that the full HD 5-inch displays will be this year's standard for the high-end smartphones, therefore we are expecting the alleged LG Nexus 5 to boast a 5-inch 1080p display with a pixel density of 440 ppi.

Three of the biggest players of the chipset segment have unveiled new products earlier this month: Qualcomm announced the new Snapdragon 800, Samsung introduced it's quad-core Exynos 5 Octo SoC, while Nvidia debuted the quad-core Tegra 4 chipset.

The Exynos 5 Octa is out of the question for the Nexus 5, as we all know about Samsung's inflexibility when it comes to outsourcing the code of their chipsets. On the other hand, the Qualcomm Snapdragon 800 is stuck on Krait architecture, and Google would want the best chipset available on the market inside its flagship smartphone.

Therefore, Nvidia's Tegra 4 seems like the most plausible chipset for the next-gen Nexus 5 smartphone. Based on four Cortex A15 cores, helped by a 72-core GeForce ULP, the Tegra 4 SoC should be able to provide enough processing power for the Android 5.0 Key Lime Pie-powered terminal.

The Korean forum also lists 2GB of RAM, 8/16 GB of internal storage, and a 13 megapixel camera with LED flash on the Nexus 5's technical specifications sheet.

The terminal will replace the current Nexus 4 in the Google Play Store, at a price of $299 for the 8 GB model, and $349 for 16 GB of internal storage.

In 2012, we've had two new tablets joining Google's line-up: the 7-inch Nexus 7 (ASUS) and the 10-inch Nexus 10 (Samsung). As it name suggests, the rumored Nexus 7.7 tablet would pack a 7.7-inch display, being an affordable high-end tablet that aims at Apple's iPad Mini.

Nexus 7.7 will reportedly boast a WUXGA display with a resolution of 1,920 x 1,200 pixels and a density of 294 ppi, the same Nvidia Tegra 4 CPU, 2 GB of RAM, 8 or 16 GB of internal storage, plus front-facing and rear cameras with HD recording capabilities.

The forum says that the price of the 8 GB Nexus 7.7 will be of $299 (my opinion is that the price will be even lower), and that both the 7.7-inch tablet and the Nexus 5 will have 1 mm thin bezels.

Even though it's a bit to early to believe the rumors about the upcoming Nexus terminals, I am pretty sure that new leaked specs, pictures and details about the next-gen Google dev smartphones and tablets will hit the web as we get closer to Google I/O event in May. As usual, we will keep an eye on all the rumors and return with the latest news, so stay tuned.


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