Nothing cancels this year’s CMF phone due to RAM prices
Nothing's sub-brand CMF has canceled its planned phone for this year, citing a significant increase in RAM prices that makes it impossible to build a device at a sensible cost. Co-founder Akis Evangelidis and CEO Carl Pei confirmed the impact of rising memory costs, which have also affected other companies like Apple.
Why it matters
This highlights the broader economic challenges in the tech industry, specifically the global memory shortage and its effect on smartphone production and pricing. It indicates potential price increases or product delays for consumers across various brands.
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The article reports a company's announcement and provides context from its executives and other industry players, without taking a stance.
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