Anxious Android fans still can’t manage to get their hands on a Nexus 4, but Google (GOOG) and LG (066570) are reportedly already prepping a sequel to the sleek smartphone. A purportedly plugged-in user on Korean-language tech forum Ruliweb claims knowledge of Google’s next-generation Nexus smartphone, the LG-built Nexus 5. The handset reportedly features a 5-inch full-HD display, a quad-core Tegra 4 processor, 8GB or 16GB of internal storage, 2GB of RAM, a 13-megapixel camera and Android “Key Lime Pie,” the next version of Google’s mobile operating system.

Also on tap is the Nexus 7.7, which is supposedly a Tegra 4-powered tablet with a 7.7-inch 1,920 x 1,200-pixel display, 8GB of storage and both front and rear high-definition cameras. The tablet is said to be built by LG as well.

According to the report, the Nexus 5 will be unveiled in May alongside Key Lime Pie and the Nexus 7.7 during Google’s annual Google I/O conference, and it will launch soon after starting at $299.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.