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The Google Nexus 5 offers a Snapdragon 800 processor and a full 1080p HD display, which by themselves are reasons enough to upgrade from your Google Nexus 4. But the most impressive enhancement is expected from its camera. While Google has still kept an 8 megapixel camera on their flagship smartphone, it now comes with optical image stabilization, which is expected to offer much higher quality photos in low light.
The newer Nexus also has a larger 1/3.2" sensor and a wider f/2.5 aperture.
| Google Nexus 5 |
Google Nexus 4
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source - +Adrian Salcu