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Nexus 4 Production Stopped, LG Preparing New Device?

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Despite experiencing constant shortages of the Nexus 4, it is being reported that LG is stopping production of the Nexus 4. Sales for the most recent Nexus smartphone were not reported to be through the roof, however, there was enough demand over the past few months to put LG and Google on the hot seat. If the Nexus 4 was doing so well, why would LG be halting production?

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LG Nexus 4 Users Report Buzzing Noise and Distorted Calls

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While the LG Nexus 4 has sold extremely well and received a ton of positive feedback, it seems that it isn't without a few problems as well. New reports are starting to arise regarding Issue 39936 on Google's website, which pertains to listening to an earpiece on the Nexus 4. More specifically, so far 135 users claim that while using an earpiece, there is a very faint buzzing and clicking.

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