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Reports put base price of upcoming Nexus 5 smartphone at $299

MOUNTAIN VIEW, Calif., Oct. 8 (UPI) -- The upcoming Nexus 5 smartphone, built by LG for Google, may launch with a base price tag of $299, blog site Phone Arena is quoting sources as saying.

A 16GB Nexus 5 will sell for $299 and a 32GB version for $399, Phone Arena said, citing an anonymous source.

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The 16GB edition is expected to be equipped with a 2300mAh battery while the 32GB model will sport a 3000mAh power supply, CNET reported.

Google's predecessor, the non-contract Nexus 4, had been priced at $299 for an 8GB phone and $349 for 16GB, with both being powered by 2100mAh battery.

Many of the Nexus 5's specification were contained in a leaked copy of an alleged Nexus 5 service manual, which has since been removed from many sites following a request from LG, CNET said.

Google's strategy of selling non-contract phones priced well below the full retail price of competing devices from Apple and Samsung has been a sales success, and the prices of the Nexus 5, if accurate, suggest the Mountain View, Calif., company is sticking with it.

Google is expected to announce the Android-powered device later this month.

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