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Many gadget lovers might be expecting Google to cut the price of the Nexus 5 ahead of the unveiling of its flagship device, the Nexus 6 but it never happened. Some may expect a price cut with the release of the recently announced device sometime next month but it is still not a guarantee. Now, the dilemma for prospective buyers of the Nexus 5 is whether to buy the device or wait for Google to announce new business deal.

The Nexus 6, which was unveiled along with the Nexus 9 on 15 October, will be up for pre-order on 29 October but the exact release date is still not known. Several reports claimed that it might hit the stores in mid-October. It may be mentioned that Google has the tradition of cutting the price of its current smartphone ahead of the release of its successor but it has not done to its Nexus 5 so far.

Nobody knows when Google will bring down the price of the Nexus 5 but a 36-year-old expert, who writes reviews of mobile phones, thinks that the search giant should come up with a new business deal soon, at least before Christmas.

Now, should you wait for the Nexus 5 price cut? Some may not have the patience to wait for Google's new deal on the smartphone, and going by its specifications and price, the device is still worth the money. Moreover, users of the device will experience a new feel once Android 5.0 Lollipop is rolled out for update.

"It's (Nexus 5) held out pretty well over the last year too, the price is now £299 ($350) and though it has more competition, it's still a serious contender if you're looking for a SIM-free handset," wrote Chris Finnamore of Expert Reviews. "It may be competitively priced, but the handset doesn't feel cheap. It's a simple slab with rounded-off corners and a pleasing rubberised rear, which we think feels classier than the shinier Samsung Galaxy S4." 

The fact is the Nexus 5 is still going strong despite completing one year business cycle. It is still one of the best smartphones available in the market and perhaps the best in its price range. Some experts are of the opinion that the device is already cheap for its striking specifications and that Google might not bring its price further down.

The Nexus 5 sports a 4.95-inch display with 1080x1920 pixels (445 ppi pixel density), powered by Qualcomm Snapdragon 800 chipset and runs on Android OS, v4.4 (KitKat), upgradable to Android 5.0 Lollipop. It comes packed with 16/32 GB internal memory and 2 GB RAM, non-removable Li-Po 2,300 mAh battery, and 8MP camera with autofocus, optical image stabilization, and LED flash. The 16GB variant of the device costs $350, while the 32GB variant costs $400.