Rumors Say LG Has Already Produced a Nexus 5 Prototype

We earlier heard that LG was not working on the next Nexus device. Well, that seems wrong as today we have some news on the next Nexus phone. Rumors suggest LG is already working on the next Nexus device and has produced the prototype as well. The device is kept under strict security but Google's Larry Page has already seen the device. Interesting, eh?
There's no word on specs unfortunately. We don't have any solid details about the specs but one can assume it will be none less than today's standard. LG has sold 3 million Nexus 4 which is no way near the sales of HTC One and Galaxy S4. If the next Nexus is to compete with these smartphones or the upcoming beasts, it will have to be one top notch device. Let's see how Google go with it's new flagship device.
Are you using Nexus 4? Will you be buying LG Nexus 5? Let us know in the comments below.