Nothing has cancelled the CMF Phone 2 Pro's successor, blaming memory prices for making it unaffordable

Nothing has confirmed that the successor to its CMF Phone 2 Pro will not be launching this year, with the company pointing directly at skyrocketing memory prices as the reason. Nothing co-founder Akis Evangelidis broke the news on X.

"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. As a result, we've decided not to launch a new CMF phone this year."

To put the price impact in perspective, the CMF Phone 2 Pro launched in the US in 2025 at $279, with the base model starting at around Rs. 18,999, roughly $200, in India. Evangelidis said that launching the exact same hardware today would push the price to somewhere between $318 and $370, before accounting for any actual hardware upgrades a true successor would need.

CEO Carl Pei warned that memory now accounts for more than half of a smartphone's total hardware bill, more expensive than the processor and display combined. He said memory costs for the Phone 4a doubled between development and launch, then doubled again after that. "Phone prices are going up, and they'll keep going up into next year. Since February, new phones have been launching up to $100 more expensive than their predecessors," Pei wrote separately.

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Apple and Samsung have already signaled device price hikes due to higher memory costs, with some estimates placing the next iPhone Pro $200 to $300 above its predecessor. Counterpoint Research has gone as far as predicting that low-end phones could face a "permanent removal" from some markets if memory costs do not stabilize.

Evangelidis confirmed the brand has other products planned for this year, including devices in entirely new categories, and Nothing's standard phone lineup continues uninterrupted. For now, the CMF Phone 2 Pro remains the most recent entry in the line, and it may stay the go-to recommendation in its segment for longer than anyone originally expected.