Nothing cancels launch of new CMF smartphone due to rising RAM prices
The British manufacturer's subsidiary has delayed the successor to the CMF Phone 2 Pro due to rising component costs.
Nothing has canceled the launch of a new smartphone in its budget-focused CMF lineup, which was slated for this year. The decision was driven by a recent surge in RAM prices, making it unfeasible to produce the device within the company's planned cost margins.
The news was shared by Nothing co-founder Akis Evangelidis in a post on X. According to the executive, the company was developing a successor to the CMF Phone 2 Pro, but current market prices for memory prevent the device from being manufactured at a competitive cost.
The tech industry has been facing a steady rise in memory component prices, a trend that directly impacts hardware and mobile device manufacturers. This high-cost scenario has forced companies to restructure their launch plans or pass the increases on to consumers.
The CMF line operates as a Nothing sub-brand, aimed at offering devices with more accessible specifications compared to the British manufacturer's main smartphones. With the new model suspended, the company is expected to maintain its focus on its current portfolio until component supply and pricing conditions stabilize.
Why did Nothing cancel the launch of its new CMF smartphone?
Nothing canceled the launch of the new CMF smartphone due to a recent surge in RAM prices, which made it unfeasible to produce the budget device within the company's planned cost margins.
Which CMF device was Nothing developing before the cancellation?
Nothing was developing a successor to the CMF Phone 2 Pro, but current market prices for memory components prevent the device from being manufactured at a competitive cost.
What will Nothing do following the cancellation of the new CMF phone?
With the new CMF model suspended, Nothing is expected to maintain its focus on its current smartphone portfolio until memory component supply and pricing conditions stabilize.