Nothing co-founder Akis Evangelidis says the phonemaker won't launch a new phone this year in its budget-focused CMF Phone series due to surging memory prices
Nothing's CMF Phone series has released two models thus far and, at least for now, won't be getting a third …
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Nothing Kills CMF Phone 3 as RAM Prices Spike
Rising RAM costs have effectively shelved Nothing's budget phone line after just two models.
Nothing is pulling the plug on new CMF Phone releases this year. The budget-focused lineup, which has produced two handsets so far, won't be getting a third anytime soon.
The culprit? Skyrocketing RAM prices. The rising cost of materials has made it impossible for Nothing to hit the price points that defined the CMF brand. The series is essentially dead in the water.
CMF carved out a niche as Nothing's affordable alternative — stripped-down hardware with decent specs at wallet-friendly prices. But budget phones live and die by component costs, and memory pricing has swung hard against them.
It's a rough look for Nothing, which built CMF's identity around accessibility. When your whole pitch is affordability and the supply chain won't cooperate, there's not much room to maneuver.