Several retailers, including eBay, are now offering Nexus 5 at a 7 percent discount, while the 16 GB variant can also be obtained cheaper for $324.99. This is significant because a price cut of the previous Nexus line product denotes that the company is planning to release a new device soon.

As speculation and rumors regarding the release date of Google's Nexus 6 smartphone floods the Internet, both TK Tech News and PC Advisor have indicated that they have information which suggests that the device may be released sometime between October and November - which means just in time for Halloween. A number of other publications also speculated that Nexus 6 may be launched during this time.

A recent report by Guardian Liberty Voice said, "It gives the company a month to encourage people to save up in time for Black Friday and Cyber Monday in November, while steering clear of competition from the likes of Samsung and Apple."

Meanwhile, speculation is rife about who will be manufacturing the Nexus 6 and what the device would be called. While rumors suggest that either HTC or Motorola will be entrusted with the job of manufacturing the device, a recent leak from Best Buy claims that the Nexus 6 will come from Motorola's assembly lines of Motorola.

The purported device has been code-named "Shamu" and rumors say that it may either be called Moto S, Moto X, or Nexus X. According to a report by Phone Arena, Google might not use the term "Nexus 6" because of copyright issues. The report was referring to the "Nexus 6" cyborgs in Philip K. Dick's sci-fi novel 'Do Androids Dream of Electric Sheep', which has been adapted as 'Blade Runner."

According to rumors, the features and specs of the upcoming Google Nexus may include a 5.2-inch 2560 x 1440 Quad-HD Display, 2.6 GHz Snapdragon 805 Quad-core Processor with 3GB of RAM, 32GB storage, 12 or 13 MP rear-facing cameras, 2.1 MP front-facing camera, Android 5.0 L, Wi-Fi, Bluetooth, GPS, NFC, and additional connectivity features.