Google just announced its new line of hardware today through a blog post, after an event in New York was canceled due to Hurricane Sandy.

One of the devices announced by the company is its latest Nexus smartphone courtesy of LG. The Google-LG Nexus 4 is rumored to be equipped with 4.7 inch screen display with 1280x768 resolution, 1.5GHz Snapdragon S4 Pro quad-core processor, 8 MP camera and 2100 mAh battery.

The upcoming Google-LG smartphone will run with Android 4.2 Key Lime Pie that will soon be unveiled by the search engine company.

According to the blog post, "Android 4.2 brings other great goodies like Gesture Typing, which lets you glide your finger over the letters you want to type on the keyboard-it makes typing fast, fun and a whole lot simpler. Android 4.2 also adds support for wireless display so you can wirelessly watch movies, YouTube videos and play games right on your Miracast-compatible HDTV."

Tech giant Apple also unveiled the new generation of its smartphone last September, which features a 4-inch screen, slightly bigger than earlier versions of Apple's device with 1136x640 pixel resolution, 4G/LTE connectivity, and iOS 6 mobile operating system.

Below is the comparison of the two devices. Note that the specs and features of the LG Nexus 4 are still unofficial.

Screen Display - iPhone 5 sports a 4-inch full HD screen display while LG Nexus 4 is rumored to have a 4.7-inch True IPS display with 1280x768 pixel resolution.

Processor - The Apple flagship phone is powered by quad core A6 chip processor. The LG Nexus 4 is rumored to have 1.5GHz Snapdragon S4 Pro quad-core processor with 2GB of RAM.

Operating System - iPhone 5 runs with the company's own operating system - iOS 6. LG Nexus 4 is expected to be introduced with Android's new Key Lime Pie version, which is rumored to be unveiled on the same date.

Storage - iPhone 5 is available in 16GB, 32GB and 64GB variants. Some tech websites claimed that the LG Nexus 4 will be released with 8GB storage option while others claimed that it will be equipped with 16GB of storage.

Camera - The iPhone 5 sports an 8-megapixel rear camera and a 1.9-megapixel front-facing camera. LG Nexus 4, on the other hand, is thought to have an 8-megapixel rear camera and 1.3-megapixel front shooter.

Battery - Apple's latest smartphone boasts 9 hours of battery life. The upcoming LG Nexus 4 is also speculated to come with 2100 mAh battery.

iPhone 5 is available in Apple Stores and through various carriers. However, more details are expected to be known about the LG Nexus 4 in the coming days.