The Nexus 5 was announced today with a Snapdragon 800 with quad-core Krait CPU and Adreno 330 GPU. This is some serious hardware packed inside. Furthermore, it has been confirmed to come with stock Android 4.4 KitKat — the latest Android firmware that enthusiasts have been waiting for for most of this year.

The first word of the KitKat did come with the Nexus 5, however, it also was given a separate launch at the same time. To go along with this there will be a whole range of devices soon to be getting the Android 4.4 upgrade over the air. We’ll try and make a complete list of that today after we finish this everything there is to know post on the new mid-range mobile.

The Nexus 5 promises to be one of the best affordable Smartphones we have seen at all, let alone right now. It should have no worries eclipsing the Moto X and what it managed to do in the market. Google will have no problem with that seems as they essentially own both of the phones.

$350 will let this one be purchased and put straight into your pocket without the need of any kind of lock-in contracts.

Like many of the devices we see released this year, the camera has been a point of emphasis and seems to be much improved. Photo quality can be expected to be paramount and a new intelligent light pick up to get the most out of your day and night time transitions. It also has a nifty image stabilization feature.

There’s no waiting time for this phone at all. People can literally head to the Google Play store as soon as the event as rounded up by the time of writing this and buy them direct.

The Nexus 5 has a 5-inch screen, 1080 x 1920 pixels screen resolution, 445 ppi pixel density, IPS LCD display technology, multi-touch touchscreen and scratch-resistant glass. Furthermore, the OS that you see running on the glass starts with Android 4.4.4 KitKat. Updating that today, we know that it also saw the Android 4.4.2 and 4.4.4 Kitkat updates. There is nothing fresher than that at the minute other than Android L that is currently out as a developer preview only.

Moreover, the camera is 8 megapixels, with LED flash, autofocus, BSI, face detection, Geo tagging, optical image stabilization, white balance and a 1.4 megapixel front-facing shooter.

As for the hardware, we are witnessing a Qualcomm Snapdragon 800 MSM8974 system chip, Quad core, 2260 MHz, Krait 400 processor, Adreno 330 graphics processor, 2048 MB RAM system memory and 32 GB built-in internal storage space. However, you should know that it lacks an external SD card slot so there is no expandable storage option present.