Well Android Fans, here is something new to cheer about. Google's next Nexus phone - Google Nexus 4G -- is possibly touted as an iPhone Killer.

Till now, Apple's iPhone has been unrivaled in the smartphone race, but if the rumors are true, then the Google Nexus 4G is an absolute beast and has specifications and features to give iPhone a run for its money.

It has not been known who will make the new Nexus for Google, but the market is abuzz that it would be Samsung, LG, or HTC. Meanwhile, the carrier is rumored to be AT&T and no pricing details are available.

Now, let's come to the key part, what Google's new Nexus has in store.

Google Nexus 4G will be loaded with the latest Android software, Android 4.0 (Ice Cream Sandwich), and will sport an ultra-thin design, BGR reported.

The device is expected to be powered by either Texas Instrument's OMAP 4460 chip or an ultra low-power 28nm Krait-based Snapdragon processor from Qualcomm running at 1.2GHz or 1.5GHz. It means, no luck for Nvidia as earlier reports indicated that Nexus 4G will have Nvidia's quad-core chip, Kal-El.

On the other hand, Apple is said to be lining up several significant features for the iPhone 5, including integration with the anticipated iCloud and ramped up iOS.  Speculation on iPhone 5 specs includes an A5 processor with large end-to-end screen.

If the iPhone 5 runs on the same A5 processor found in the iPad 2, floating in the 1 GHz range, then the Nexus 4G will naturally have a competitive advantage with its 1.2 or 1.5 GHz dual core processor.

In addition, Nexus 4G is speculated to include 3D features, Open GL head tracking for facial expressions and sensing.  Gamers can relish by exploiting USB capabilities enabling them to plug in external hardware devices such as an Xbox controller. 

Meanwhile, the open platform can allow developers to sync up various devices ranging from remotes, controllers, to bikes.  This opens a huge door of opportunities for apps running on the next generation Nexus 4G. 

On the camera front, Nexus 4G will feature an advanced 5-megapixel sensor camera that is expected to provide excellent image quality apart from delivering superior low-light performance. The phone will also have 1 megapixel front facing camera for video calls.

In addition, the display is said to be a 720p high-definition (HD) monster-sized screen, presumably it will be between 4.5 and 5 inches, and it won't have physical Android menu buttons below the screen anymore - everything will be software-based. So, Google will be testing its voice command features in its new smartphone.

The phone will have 4G LTE radio, 1GB of RAM, 1080p HD video capture and playback.

Above all, the phone is expected to have a near-field communication (NFC) chip, which Apple is rumored to be planning to have in its iPhone 5. Near field communication, or NFC, allows for simplified transactions, data exchange, and connections with a touch. A smartphone or tablet with an NFC chip could make a credit card payment or serve as keycard or ID card.

NFC devices can read NFC tags on a museum or retail display to get more information or an audio or video presentation. NFC can share a contact, photo, song, application, or video or pair Bluetooth devices.

Google is planning to launch the Nexus 4G in late fall/early winter.

Earlier, Google had launched two devices under Nexus brand - Nexus S by Samsung in December 2010 and Nexus One by HTC in January 2010.

Meanwhile, following are the specifications of Apple's iPhone 4.

Size and weight

Height: 4.5 inches (115.2 mm)

Width: 2.31 inches (58.6 mm)

Depth: 0.37 inch (9.3 mm)

Weight: 4.8 ounces (137 grams)

Capacity

16GB or 32GB flash drive

Display

Retina display

3.5-inch (diagonal) widescreen Multi-Touch display

960-by-640-pixel resolution at 326 ppi

800:1 contrast ratio (typical)

500 cd/m2 max brightness (typical)

Fingerprint-resistant oleophobic coating on front and back

Support for display of multiple languages and characters simultaneously

Cellular and wireless

GSM model: UMTS/HSDPA/HSUPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz)

CDMA model: CDMA EV-DO Rev. A (800, 1900 MHz)

802.11b/g/n Wi-Fi (802.11n 2.4GHz only)

Bluetooth 2.1 + EDR wireless technology

Sensors

Three-axis gyro

Accelerometer

Proximity sensor

Ambient light sensor

Audio playback

Frequency response: 20Hz to 20,000Hz

Audio formats supported: AAC (8 to 320 Kbps), Protected AAC (from iTunes Store), HE-AAC, MP3 (8 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, 4, Audible Enhanced Audio, AAX, and AAX+), Apple Lossless, AIFF, and WAV

TV and video

Video formats supported: H.264 video up to 720p, 30 frames per second

Location

Assisted GPS

Digital compass

Wi-Fi

Cellular

Battery

Built-in rechargeable lithium-ion battery

Charging via USB to computer system or power adapter

Talk time:

Up to 7 hours on 3G

Up to 14 hours on 2G (GSM model only)

Standby time: Up to 300 hours

Internet use:

Up to 6 hours on 3G

Up to 10 hours on Wi-Fi

 Video playback: Up to 10 hours

Audio playback: Up to 40 hours