The LG-made Google Nexus 4 smartphone wooed Android enthusiasts worldwide, but the new kid on the block blows up the charts: Enter HTC One.

The Nexus 4 is widely popular and just got its upgrade to Android 4.2.2, but supply woes marred its success. The handset would have definitely achieved even more impressive sales if supply met demand, but that's not the case. The Nexus 4 quickly became one of the hottest handsets currently (sort of) available on the market, but it now has a new rival.

HTC officially announced its new flagship smartphone, the HTC One, and the newcomer looks like a real competitor. It packs top specs and a stylish look, and it crushed the Nexus 4 in benchmarks.

Initial benchmarks for the new HTC One look very promising. The handset packs a brand new 1.7GHz quad-core Qualcomm APQ Snapdragon 600, an upgrade from the Snapdragon S4 found on the Samsung Galaxy S3 and even the Snapdragon S4 Pro powering the Sony Xperia Z. The Nexus 4 packs a 1.5GHz Qualcomm APQ8064 Snapdragon S4 quad-core Krait processor.

According to Qualcomm, its new processor is 40 percent faster than its earlier S4 Pro central processing unit (CPU), and the S4 Pro was quite impressive already. Slashgear tested the HTC One using the standard Quadrant Benchmark, and seems more than pleased with the results.

"The quad-core processor is blowing up the charts, destroying the previous high-mark in the basic readout by more than double," reports Slashgear. "Even compared with the Snapdragon S4 quad-core SoC running on the Google Nexus 4 only reaches nearly 5000 as a final score in Quadrant — the HTC One reaches 12,417!"

With a grand total of 12,417, the HTC One not only scores above the Nexus 4, but above anything previously recorded. The difference between the scores achieved by the latest Qualcomm processor and the previous one is huge.

When it comes to individual markets, the HTC One got a CPU score of 37,304, a Memory score of 10,922 and 10,566 for I/O. The Nexus 4, meanwhile, got 10,687, 7,612, and 4,340, respectively, for the same categories. Needless to mention, this is great news for the new Snapdragon 600 processor which, if rumors prove to be true, may also power the upcoming Samsung Galaxy S4.

With four Krait 300 CPU cores at 1.7GHz, and Adreno 320 GPU and notable performance boost over the Snapdragon S4 Pro, the HTC One is likely the most impressive smartphone in terms of processing power.

The HTC One hits the market in March and it will be available on Sprint, AT&T and T-Mobile in the U.S. Will the Nexus 4 manage to resolve its supply issues until then?