The current flagships are the Nexus 7 tablet and the Samsung Galaxy Nexus mobile phone. However, the latter is no longer Samsung's top device, having been usurped by the SIII.
Android 4.2 is also expected to feature a new Gmail app that will add minor additions such as swipe to delete and pinch to zoom.
Many analysts assume that Google will use the new Nexus phones to promote Android partners who are currently struggling to challenge the dominance of Samsung.
The move will also assuage industry concerns that Google's purchase of Motorola will lead to the American company giving the firm preferential access to Android. Google maintains that there will be a 'firewall' between the two businesses.
Although images have appeared online claiming to show the new devices, the most plausible evidence of the existence of at least one new device appears to come from a Google software engineer posting pictures to his Google+ page that purport to come from an LG Nexus 4 device.
The Next Web claimed that the LG Nexus 4 will feature a quad-core 1.5 GHz Qualcomm APQ8064 Snapdragon processor, 4.7-inch 1280 x 768 display, 2GB RAM, 16GB storage, an 8-megapixel rear-facing camera (and 1.3-megapixel front-facing snapper) and a 2100mAh battery.
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