The smartphone is priced at NT$14,900 (US$504 / €375)

Nov 15, 2013 10:17 GMT  ·  By

Starting today, users in Taiwan can purchase the new Nexus 5 smartphone on the network of wireless carrier Far EasTone Telecommunications.

The mobile phone features a price tag of NT$14,900 (US$504 / €375) attached to it, which makes it a bit more affordable when compared to handsets such as HTC One mini and Samsung S4 mini.

LG targets sales of around 4,000 Nexus 5 units per month in Taiwan, digitimes reports. One thing that is certain is that the affordable pricing should help the company in its pursuit.

For those out of the loop, we should note that Nexus 5 was unveiled in October with a 5-inch full HD touchscreen display and with a 2.26 GHz quad-core Qualcomm Snapdragon 800 processor inside.

Nexus 5 also features 2GB of RAM and 16GB of internal memory, along with an 8-megapixel camera on the back, and a front camera to allow users to make video calls while on the go.

The smartphone features the usual set of connectivity capabilities inside, along with wireless charging functionality, while being powered by the new Android 4.4 KitKat operating system.

During the launch event, Jackie Kim, director of mobile business at LG's Taiwan branch, said that the company managed to secure 4 percent of the local smartphone market with the launch of LG G2 last month. It has sold over 16,000 G2 units so far.

Furthermore, he unveiled that Nexus 5 was expected to help LG reach a 5 percent market share before the end of the year. LG also aims at becoming the fifth vendor in the country.

"We have a pretty good chance of achieving that target," Jackie Kim said at the press conference, a recent report from focustaiwan unveils.

Unfortunately, only the 16GB version of the Nexus 5 will be released in Taiwan, LG said. While there are no plans for the launch of the 32GB Nexus 5 in the country, the 6-inch G Flex will arrive there in the first quarter of the next year.