More rumors coming out about the next Nexus smartphone which would be launched on October 29.

Google is likely to name this device Nexus 4 and it would be based on the LG Optimus G.

Reports say that it would feature an 8GB and 16GB editions. 32GB might be launched at a later stage.

This is disappointing considering support for external storage is not likely to be part of the phone.

Sources also say that Google might offer optional support for wireless charging in this model.