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General Will Nexus price drop when new model is available

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http://androidforums.com – Hello All, I read that Google will be offering a new Nexus (though I don't remember when it was expected). Is this true? If so, will the current Nexus drop below $350? I am looking for my first Android phone, and leaning hard towards the Google Nexus, largely because of the price point combined with current updates always coming from Google. Thanks for any advice. (General)