Nothing to exit from 12 countries as global shipments decline

Nothing is in the process of shutting down in 12 or more global markets. The exits include the Middle East, Japan and parts of Europe.

In addition, global headcount is being reduced by 40% and the company’s R&D unit, which is split 70:30 between China and London, is facing layoffs of around 50% and 30 to 40% respectively.

The Phone (4b) has shipped approximately 20,000 units globally since launch, while the Phone (4a) and Phone (4a) Pro have together reached around 150,000 units.
Nothing's sub-brand CMF has no plan of launching any phone in 2026 and the CMF 3 Pro was cancelled in favour of Nothing 4b.

Blame AI data centers for hiking memory, storage and soon SoC prices which leads to increase in smartphone pricing and thus a huge decline in sales

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