Lowering the price of older devices is nothing extraordinary. But when it is done in the sight of a public that is eagerly anticipating a newer model, the Internet is set ablaze. Such is the case of the Nexus 4 whose price tag has just been slashed by $100.
Released late last year, the Nexus 4 is definitely nothing brand new. The specs are quite modest, with a 1.5 GHz quad-core Snapdragon S4 Pro processor, 2 GB of RAM, a 4.7-inch 1280x768 IPS LCD, and a non-replaceable 2100 mAh battery. You can read our review of Google's reference Android smartphone here. But, of course, the selling point of the Nexus smartphone is openness and frequent updates, as the Nexus 4 and other Nexus devices are still receiving updates today, even getting updated to Android 4.3 Jelly Bean.
But with the arrival of the new Nexus 7 tablet, there has been much speculation about a Nexus 5, or at least a new Nexus 4, in the works. Specs that have been thrown around include a 5.0-inch 1080p display, either a Snapdragon 800 or a Snapdragon 600, and a price tag that's set to match the initial selling price of the Nexus 4. It seems that there will be more fodder for rumors now that the price of the 8 GB Nexus 4, which originally cost $299, has dropped to $199, while the $349 16 GB version now sells for $249.
We still don't know if the next Nexus smartphone will be made by LG, who made the current Nexus 4, or by Motorola, who is now a subsidiary of Google. But if market prices are any indication, we'll probably see more rumors and leaks coming our way soon enough.
[UPDATE] It seems that Google has a price protection policy in place, which you can read here. Basically, if you purchased the Nexus 4 within 15 days before the price reduction, you can request a refund for the difference. Note that the request must be submitted within 15 days starting from the date of the price reduction.