Google slashes price of Nexus 4 smart phone

The price of Google's Nexus 4 phone models dropped by $100.

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One of the best deals on the unlocked phone market just got a little bit cheaper. The price of Google’s Nexus 4 phone dropped $100 earlier this week – the 8GB version now runs for $200, while the 16GB model is now running at $250.

The Nexus 4 came out last fall and sold out in record time, according to Engadget.  

And it’s no wonder why: The Nexus 4 comes unlocked, which means that you have the pick of data plans and carriers. In contrast, the cost of an unlocked Apple iPhone 5 hovers around $650 if you buy the phone from Apple directly.  

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The Nexus 4 also experienced a 25 percent price drop in Australia, Canada, Germany, Spain, Korea, the United Kingdom, and the United States, according to Google Play’s Twitter account.  

The one significant drawback of Google’s sleek smart phone is that it can’t connect to the 4G LTE networks. LTE, or Long Term Evolution, is the wireless communication network that allows for fast data transfers.

The LA Times has speculated that perhaps the price cuts in the Nexus 4 are a sign that a new, LTE-friendly model of the Nexus will soon be released. 

The rumored release of Apple's new consumer grade iPhone 5C this September likely also plays a role in Google's price cuts. 

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