Multiple sources have told us LG is working on a Nexus phone, and today we recently received the first hands-on report of the device. The source claims he is not a Google employee, but apparently he has access to one who says the devices were handed out last week for testing.

“I can confirm the next nexus is LG Optimus based. The phone looks surprisingly like the Galaxy Nexus and does not have sharp corners like the LG Optimus we already know. It has a silver’ring like the iPhone 3G around the outer edge of the screen which seemed to be similar to the Galaxy Nexus in size but was much better in brightness.

I couldn’t have said if it was larger in the few minutes that I had the phone. Also, it has Nexus written on the back like the Nexus 7 except there is a color element to it. The ‘X’ is in four colors. There was also the LG logo on the back.

Android 4.2 in its current state looked exactly like the 4.1.1 we love. There were no tabs on that build version for home-screens as you suggested from your other tipster. What I was amazed by is how fluid everything seemed to be from exiting apps, switching, etc. It seems like they’ve increased the number of transitions and their types. It still had the hodge-podge mess of multiple communication tools: Messenger, GTalk, Voice and SMS.”

As for the specs part of the leaks,the new nexus is gonna come with a lot of horsepower.The LG Nexus will have a Quad Core Snapdragon S4 processor – confirmed to be clocked at 1.5GHz – with an Adreno 320 GPU, as well as 2GB of RAM,.It’ll have a 1280 x 768 True-HD IPS screen and an 8 megapixel camera running  the new and improved Jellybean 4.2.

Considering this along with other leaks,this is what mockup artists came up with.

If you  ask me,I’d say this looks really sleek and sexy which has become the trademark for Nexus devices in the last few years.The launch event is scheduled for later this month (no fixed date as of now).Don’t worry,we’ll keep you posted!

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