After months of speculation and rumors, the day is finally here. Google has announced the Nexus 5 and it’s everything we hoped it would be.

In the official announcement, Google confirms that the Nexus 5, just like the Nexus 4, is made by LG. Here’s what you can expect from it:

Its design is simple and refined to showcase the 5” Full HD display. Nexus 5 also keeps you connected at blazing speeds with 4G/LTE and ultra fast wifi. The advanced new lens on Nexus 5 captures more light for brighter night and sharper action shots. And with optical image stabilization, you no longer have to worry about shaky hands and blurry pictures. A new HDR+ mode automatically snaps a rapid burst of photos and combines them to give you the best possible single shot. Learn more on our site.

As for official specs, it really is an LG G2 with a worse camera. It features the same 4.95-inch 1080p display, 2.3GHz Qualcomm Snapdragon 800 CPU, 2300mAh battery and 2GB of RAM as the LG G2, but has a downgraded front and rear camera at 1.3MP and 8MP respectively.

The phone will come in 16GB and 32GB varieties as well as in black and white. The 16GB model will run you $349 while the 32GB model will cost $399. Like always, the Nexus 5 comes unlocked and ready for any compatible wireless carrier. It’s available for preorder now and will ship in the next few days.

[Image: Google Play]