Google has dropped the price of the Nexus 4 by $100. The company announced the price drop yesterday evening via the Google Play Twitter feed. The 8 GB model now sits at $199, marked down from $299, while the 16 GB model has dropped to $249 from $349. Folks in the UK are also seeing price cuts with the 8 GB model dropping to £159 from £239 and the 16 GB model dropped to £199 from £279.
Though Google hasn't said whether or not these price drops are permanent, the fact that they're described as price drops as opposed to a sale seems to suggest that these prices are here to stay. This in turn has led to speculation that we could soon see an announcement for the Nexus 5.
At the moment, there's little information about the Nexus 5 out there, though rumors say it will be the largest Nexus phone yet, with a screen measuring more than 5 inches. There's also talk of a Snapdragon 800 chipset, 2GB of RAM and Android Key Lime Pie.