Finnish mobile manufacturer Nokia recently introduced its new flagship smartphone Nokia Lumia 1020 that aims to battle the giants of the market. It is expected that the new Nokia handset will battle head on with other smartphones such as Samsung Galaxy S4, iPhone 6 and Google Nexus 5.

Last July 11, Nokia unveiled the Lumia 1020 at the company's "Zoom Reinvented" event in New York City. Nokia's announcement is probably for it to get ahead of the race with its competitors and gain advantage on the sales.

One of the greatest assets of Nokia Lumia 1020 is its 41MP rear shooter. Nokia is hoping that consumers are willing to pay $100 extra for a great camera.

However, Google Nexus 5, being the successor of the cheap yet high end LG Nexus 4, will probably cost less.

Google Nexus 5 release date is still unconfirmed but a wide array of rumours is already out on the Internet teasing millions of fans worldwide. Grapevine says that Google Nexus 5 will arrive in October, a year after LG Nexus 4 was revealed.

Is Nokia's new offering a better choice of smartphone? Or consumers must wait for Google Nexus 5?

Below is the comparison between announced Nokia Lumia 1020 specs and features against Google Nexus 5 rumoured features.

Screen Display - Nokia Lumia 1020 will come with 4.5-inch screen display. Google Nexus 5, on the other hand, is expected to come with 5-inch Full HD screen display.

Processor - The new Nokia Lumia 1020 will be powered by dual core processor clocked at 1.5 GHz paired with 2GB of RAM. Google Nexus 5 will include Qualcomm Snapdragon 800 processor that possesses a clock rate of 2.3GHz paired with 3GB of LPDDR3 RAM.

Operating System - Google Nexus 5 will definitely come with the latest Android operating system. The device may come with 4.3 Jelly Bean OS or the rumoured 5.0 Key Lime Pie. Nokia Lumia 1020 will sport the latest Windows mobile OS.

Internal Storage - Google Nexus 5 is rumoured to come in 16GB, 32GB or 64GB variants; while Nokia Lumia 1020 is available in 32GB built-in memory.

Camera - Google Nexus 5 will come with 13 megapixels rear camera. Google Nexus 5's camera will greatly improve with the aid of the new Android Jelly Bean. Probably, the greatest asset of Nokia 1020 is its camera that boasts 41MP rear shooter and large lens.

Battery Life - Google Nexus 5 is expected to come with 3300mAh Li-polymer battery while Apple does not specifically announce the measurement of the capacity of its battery. Nokia Lumia 1020 has a fair 2000 mAh battery life.

Price and Availability - The predecessor of Nexus 5, LG Nexus 4, was quite famous for its friendly price tag. The device is expected to cost around $299 and will be released in October. Nokia confirmed that the handset will be available on July 26. However, specific price has not been disclosed.

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