Nothing shelves 2026 CMF phone over memory costs (opens in new tab)

Nothing co-founder Akis Evangelidis said the company will not launch a new phone this year under its budget-focused CMF brand, after surging memory prices made a planned successor to the CMF Phone 2 Pro commercially unworkable. Evangelidis said Nothing had worked on a successor but could not build a phone that felt like “a genuine step forward” at a price that made sense for CMF. Nothing CEO Carl Pei said memory has become the most expensive component in a smartphone, costing more than the pr...