Google on Thursday officially unveiled the Nexus 5 smartphone following months of rumors and leaks on par with Apple gadgets. Developed with LG, the handset will ship with Android 4.4 KitKat and will be available through the Google Play store in addition to wireless carriers AT&T, Sprint and T-Mobile. Verizon is the only major provider opting not to sell the Nexus 5.

Official specifications include a 4.95-inch full HD IPS display covered in Gorilla Glass 3 that operates at 1,920 x 1,080 (445 PPI), a quad-core Qualcomm Snapdragon 800 processor clocked at 2.3GHz, Adreno 330 graphics running at 450MHz, 2GB of RAM, 16GB of internal storage, dual-band Wi-Fi (2.4G/5G) 802.11 a/b/g/n/ac and 4G LTE connectivity.

Other features include an 8-megapixel rear-facing camera with optical image stabilization, a 1.3-megapixel front shooter, NFC and the standard array of sensors including accelerometer, GPS, compass, proximity / ambient light, gyroscope and pressure sensors. It's the first smartphone to ship with Google's new Android 4.4 operating system.

The Nexus 5 sells for $349 unsubsidized in black and white which is an unheard of price for a high-end smartphone. A 32GB model will set you back $399. Unfortunately, if you didn't get your order in already through Google Play, you're out of luck as the site currently shows they are out of inventory.

Your next best bet is to check with your wireless carrier for availability. No word yet on when carriers will receive stock or if they already have phones on hand, however.