In his New Year wishes to his teams, Carl Pei, the founder and boss of Nothing, announces the launch of a new Phone (3) model in 2025. The previous one dates back to 2023 (the manufacturer released the very good Phone 2a last year).
The Phone (3) in the pipeline
The device will inaugurate "revolutionary innovations in the user interface, which will represent a first step towards our platform powered by artificial intelligence", he promises. Of course, we will have to see what happens in person. We can also bet on new audio products, as Nothing already has several wireless headphones in its catalog. As for the "budget" sub-brand CMF, it could also welcome new products, after headphones and a connected watch.
All these products have allowed Nothing to double its annual turnover in 2024, or more than $500 million in 2024. In total, since the creation of the company in 2021, it has exceeded $1 billion in turnover, according to indiscretions from Bloomberg. The main markets for the manufacturer's smartphones are India, followed by Germany and the United Kingdom.
Nothing is now looking to capitalize on this success by raising new funds from investors. The company is reportedly looking to obtain more than $100 million to expand its business, particularly in the United States. Carl Pei and his team would also like to go beyond current product categories to tackle other segments.
Source: Bloomberg
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