Nothing’s next budget phone is the latest victim of Ramageddon. As 9to5Google Reportedly, Nothing co-founder Akis Evangelidis announced in a post on X that the follow-up to the CMF Phone 2 Pro will not be arriving this year:
We were working on a successor, but with memory prices where they are right now, we couldn’t make a phone that felt like a real step up to the CMF at a price that made sense. As a result, we have decided not to launch any new CMF phones this year.
Last week, Nothing CEO and co-founder Carl Pei also said that the lack of RAM has affected the price of the company’s mid-range phones, saying, “For the Phone 4A, memory costs doubled from when we decided to make the device and when it launched. Since then they have doubled again.” According to Pei, “Memory is now the most expensive component in a smartphone.” Apple is far from the only company facing RAM pricing challenges – earlier this week, Tim Cook announced that Apple would be raising prices, saying, “The situation has become untenable.”
Although there won’t be any new CMF phones this year, Evangelidis said in his post that CMF still has “several new products to launch as well as some entirely new categories.” He also indicated that “the smartphone launch season on Nothing is far from over.”
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