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By Arlene Paredes | February 19, 2013 4:52 PM PST

Google Nexus 4 is a well-built snappy smartphone that offers great value for money. If you are considering buying the device, you should know, now is a good time. One, the Google brand and LG supply chain are finally meeting consumer demand after months of discrepancy. Two, the phone's fantastic specs could lose its magic a couple more months later. Three, Nexus 5 may or may not be coming by mid-year.

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Nexus 5: Why Wait for the Next Google Flagship Smartphone? (3 Reasons)

A lot of Android smartphones are coming out early this year, with Sony Xperia Z among the official arrivals in late February. Samsung Galaxy S4 is also rumoured to come out by March. These are new generation smartphones that could outshine the Nexus 4 by leaps and bounds, especially in three particular aspects: screen display, LTE connectivity, and camera features. Consider these three (and your own) reasons for waiting for Nexus 5:

1. Vic Gundotra, senior VP of Engineering at Google, recently indulged Nexus 5 hopefuls by saying, "We are committed to making Nexus phones insanely great cameras. Just you wait and see." So that's one thing that could convince buyers to wait for the next Nexus model.

2. Android 5.0 Key Lime Pie is expected to run on Google Nexus 5. Innovative changes in the way an Android smartphone works are expected. Developers and Android tweakers are looking forward to validating this particular rumour.

3. Finally, the year 2013 is the year of 5-in Full HD displays. The 4.7-in Nexus 4 does not really disappoint, but if you could be mere months away from a larger display, would you not wait for it?

Nexus 4 or Nexus 5? Which Google smartphone is right for you?

Some Nexus 4 buyers are considering rumours that Nexus 5 could be coming in May - just in time for Google's annual I/O developer event. Many tech bloggers and sleuthing Android watchers sound convincing. But mid-year seems too soon for a Nexus 5.

Nexus 4 came out in November last year, but was hardly available for consumers for a couple of months. Apparently, there was a grave forecast-to-actual-demand mismatch (according to an exec from LG) and/or the communication with manufacturer has been erratic (according to an exec from Google). That said, many buyers would not be happy with an immediate release of a successor. So if you are holding out for a Nexus 5, just take the rumours as they are - info based on some investigation and a lot of hope. 

VIDEO: Sony Xperia Z (Yuga) vs Google Nexus 4 by LG (KnowYourMobile)

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