Nexus 5 16GB version reportedly will sell for $299

(Credit: Josh Miller/CNET)

LG's new Nexus 5 may launch with a price tag of $299.

A tip received by blog site Phone Arena claims the 16GB Nexus 5 will sell for $299 and the 32GB version for $399. Further, the tipster said the 16GB edition will come with a 2300mAh cell battery, while the 32GB model will be equipped with a 3000mAh cell battery.

In contrast, the Nexus 4 costs $299 for 8GB and $349 for 16GB. Both Nexus 4 models offer a 2100mAh cell battery.

The tip comes from an anonymous source and so should be taken with a grain of salt. But the information sounds credible, as LG likely would want to bump up the storage options for the next unlocked Nexus yet keep the pricing in line.

A "source familiar with Google" recently told TechRadar that the Nexus 5 would cost "half the price" of the iPhone 5S, which puts the smartphone at a slightly higher price point. The 5S sells unlocked for $649, giving the Nexus a price tag of around $324. An alleged copy of a Nexus 5 service manual, which has since been removed at LG's request, revealed many of the phone's key specs.