Nothing cancels CMF Phone 3 Pro over soaring RAM costs

The smartphone manufacturer Nothing has canceled the planned launch of its mid-range CMF Phone 3 Pro for 2026, citing unsustainable cost pressures from soaring memory prices. The decision, confirmed by company co-founder Akis Evangelidis, marks a significant shift in strategy for the budget-friendly CMF sub-brand.

Evangelidis stated that with current memory prices, the company could not build a phone that represented a genuine step forward at a price point that makes sense for the CMF brand. He confirmed there will be no new CMF phone released this year. The CMF Phone 3 Pro was in active development as the successor to the CMF Phone 2 Pro, which launched in April 2025.

Industry analysis indicates the severity of the cost challenge. Nothing CEO Carl Pei highlighted an unusual inversion in component pricing, noting that RAM now costs more than the system-on-chip and display combined, historically the most expensive parts of a smartphone. Evangelidis provided context, stating that if the CMF Phone 2 Pro were launched today with its original specifications, its price in India would be approximately Rs. 30,000 to Rs. 35,000, a sharp increase from its 2025 launch price starting at Rs....