Google has dropped the price of the Nexus 4 by 25% or more in a range of markets, making the phone even more affordable than it was before. Now available unlocked and SIM-free for $199 and $249 respectively, the 16 GB and 8 GB Nexus 4 models have both received a price cut of $100.

The UK also sees similar cuts, with both models dropping by £80, meaning you can now pick up an 8 GB model for £159 and a 16 GB model for £199. The discounts also apply to Canada, Australia, Germany, France, Spain and South Korea, according to the Google Play Twitter account, so head to your local Play Store to pick up the device at the all-new price.

Packing a 1.5 GHz quad-core Qualcomm Snapdragon S4 Pro chipset, 2 GB of RAM and a 4.7-inch 1280 x 768 IPS LCD display, the phone is still reasonably powerful by today's standards, but the new pricing makes it an unbeatable deal. $199 is usually the sort of outright pricing reserved for entry-level phones, but the Nexus 4 complete with stock Android is no low-end device.

The Nexus 4 is nearing its one year anniversary, having been announced on October 29, 2012 at a special event that also saw the introduction of the Nexus 7 and Nexus 10 tablets. The device, manufactured by LG, is the newest smartphone in the Nexus line, although recent rumors indicate Motorola might be developing a successor for release later this year. Google has yet to confirm anything surrounding a 'Nexus 5', but expect to see more information closer to October, the traditional launch month for Nexus devices.