Looks like they're clearing stock to make way for its replacement.
Absolute bargain!
8GB https://play.google.com/store/devices/details/Nexus_4_8GB?id=nexus_4_8gb&hl=en
16GB https://play.google.com/store/devices/details/Nexus_4_16GB?id=nexus_4_16gb&hl=en
Absolute bargain!
8GB https://play.google.com/store/devices/details/Nexus_4_8GB?id=nexus_4_8gb&hl=en
16GB https://play.google.com/store/devices/details/Nexus_4_16GB?id=nexus_4_16gb&hl=en