Nothing has cancelled this year's CMF Phone successor due to soaring memory prices. Co-founder Akis Evangelidis cited the inability to deliver a meaningful upgrade at a competitive price point.
The budget phone market's latest casualty stems from ongoing RAM price inflation. Evangelidis explained on X that the company was developing a follow-up to the CMF Phone 2 Pro but determined the current memory pricing environment made the project untenable.
"We were working on a successor but with memory prices where they are right now, we can't build a phone that feels like a genuine step forward at a price that makes sense for CMF," he stated.
The cancellation reflects broader supply chain pressures affecting chipset and memory component costs. RAM prices have remained elevated throughout 2024, squeezing margins for manufacturers targeting price-sensitive segments.
Nothing's decision to delay rather than compromise on specifications suggests the company prioritizes product positioning over revenue targets. The CMF brand, launched last year as Nothing's budget tier, won't see a new model this cycle, though the company may revisit the lineup once component costs stabilize.
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