Nexus 5 didn't get a refresh, but that doesn't mean it's dead
There was a rumor floating about, suggesting that Google may be working with LG in order to bring a refreshed, up-to-date version of its 2013 Nexus 5. Unfortunately, this rumor was apparently just wishful thinking, which only gained momentum because some consumers prefer their Google-branded device to be one-hand-manageable.
But hold on, the fact that Nexus 5 is a year-old device does not mean it's obsolete or dead. At least Google doesn't think so, and for a device that sports a Snapdragon 800, 2 GB of RAM, and a 445 ppi 5" screen, so shouldn't you.
Back to Google – the search giant updated its Nexus web page to include the new devices, together with info about Android L. And lo and behold – the Nexus 5 is still in the lineup. So, it appears that Google will still sell it, and maybe, just maybe, will drop its price a bit? That may be another bout of wishful thinking, so we will disregard it for now.
Of course, there is one hardware spec that we all would love to see upgraded in the Nexus 5, and that's the battery. Hopefully, Google kept their promises and upgraded the phone's battery life / fixed the camera battery drain issue in Android Lollipop. That'd definitely keep it in the race, even if it's soon going to be regarded as an upper-midrange device.
source: Google via Phandroid