Signs point to a new Nexus phone of some kind being announced at Google I/O next week. A couple of UK electronics retailers (Carphone Warehouse and Phones4U) have already retired their Nexus 4 products, even though the device is only 6 months old. Industry speculation suggests this is happening because they will soon be retailing a new Nexus device. It could be a Nexus 5 or perhaps Google plans to have a second edition version of the Nexus 4. I guess Nexus 4 2 doesn't exactly roll off the tongue though does it? (although it does sound like a cool Douglas Adams joke?)
Regardless, the Nexus 4 has been selling like hotcakes in these markets so the speculation of a new Nexus device makes sense. More than likely, if it isn't a Nexus 5, it will probably be the 32GB Nexus 4 LTE refresh. If this device retails for the same price as the previous model on the Google Play Sore, it will be a very good bargain. Luckily, we should know something for sure in about a week.