The Google Nexus 5 just like the Nokia Lumia 1020 features optical image stabilization (OIS), which results in blur free photos and reduces shakiness in videos. The Nexus 5 features an 8MP camera and the same OIS technology from the LG G2 which is a proven performer. The Lumia 1020 comes with a huge 41MP sensor with advanced six lens ZEISS optics. Check out the following video capture comparison between the two flagship devices.
source - FoneArena (YouTube)
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