This is the first time LG has collaborated to build a Google Nexus device.
The Nexus 4 runs on the latest version of Android 4.2 that is also called Jelly Bean.
The Nexus 4 comes with a 8 megapixel rear camera and a 1.3MP HD front camera.
The phone has a 1280x768 4.7-inch True HD IPS Plus 320ppi display with Zerogap Touch technology.
The Nexus 4 display is protected by scratch resistant Corning Gorilla Glass 2.
The Nexus 4 comes with a 1.5GHz Qualcomm Snapdragon S4 Pro processor.
The phone has 2GB of RAM. Google and LG claim that the Nexus 4 is the snappiest Nexus smartphone yet.
Nexus 4 is sold unlocked and is GSM/HSPA+ compatible so it will operate on more than 200 network providers worldwide.
It will be available to purchase in both an 8GB version and a 16GB version on Google Play starting November 13 in the US, UK, Canada, Germany, France, Spain and Australia. Offline availability in Europe, Central/South Americas, Asia, CIS and the West Asia will begin from the end of November.
The Nexus 4 has an embedded 2,100mAh Li-Polymer battery that offers a talk time of 15.3 hours and 390 hours of standby.
Measuring 133.9 x 68.7 x 9.1mm the Nexus 4 wieghs 139g.
Designed collaboratively by LG and Google, Nexus 4, the newest smartphone in the Nexus line-up from Google, was announced on Monday for availability starting next month in select markets.