On Oct. 23, Google announced its flagship smartphone in collaboration with LG, the Nexus 4. The smartphone features top-end specifications, but is it enough to divert iFans away from the latest iPhone 5?

Here is a round-up of what the iPhone 5 and the Nexus 4 have to offer.

Processor
The Nexus 4 has a powerful quad-core Qualcomm Snapdragon S4 Pro processor clocked at 1.5GHz. On the other hand, the iPhone 5 features a dual-core A6 processor, which is clocked at 1.3GHz. Both the processor are good for the speed-driven devices.

Display
The iPhone 5 sports a 4-inch IPS LCD Retina display with 1136 x 640 pixels resolution. On the other hand, the Nexus 4 sports a much bigger 4.7-inch WXGA True HD IPS Plus display with 1280 x 768 pixels. Google claims that Nexus 4's display is supported by Zerogap Touch technology, which will bring a clear viewing experience and offer users "a feeling of touching every pixel."

The pixels density of iPhone 5 is slightly higher at 326 ppi when compared to the Nexus 4, which has 320 ppi.

Weight, Thickness, and Body
The Nexus 4 measures 5.28 x 2.72 x 0.36 inches and weighs 4.90 ounces. The iPhone 5 measures 4.87 x 2.31 x 0.30 inches and weighs 3.95 ounces, making it both thinner and lighter than the Nexus 4.

Storage and Memory
The iPhone 5 is available in 16/32/64 GB of on-board storage options, whereas the Nexus 4 is available only in 8/16GB variants. Both the devices do not have the option to expand the memory using a microSD card.

Software
The Nexus 4 packs the latest Android 4.2 Jelly Bean software, whereas the iPhone 5 comes with the latest iOS 6.

Battery
A 2100mAh battery powers the Nexus 4, which Google claims will support 15.3 hours of talk time. The battery size of the iPhone 5 is not indicated by Apple, but the company claims that the smartphone provides up to 8 hours talk time on 3G.

Camera
Both the smartphones are equipped with an 8-megapixel rear-facing camera. Apple has a 1.2-megapixel front-facing camera while the Nexus 4 has a 1.3-megapixel front-facing camera.

Availability and Price
iPhone is already on the shelves and the 16GB unlocked version has a price tag of $649. On the other hand, the Nexus 4 will hit the shelves on Nov. 13 and the 16GB is expected to be priced around $349.

The Nexus 4 packs top-end features and has a price difference of around $300 from the iPhone 5. Will the features and the pricing of the Nexus 4 divert iPhone customers to the latest Google offering?