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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Techsmartphones and mobile devices
Europe

Challenger brand Nothing is taking on Apple with a $350 smartphone that could cure your tech addiction

Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
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Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
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March 5, 2024, 11:11 AM ET
The Nothing Phone (2a) is the latest cut-price offering from the culty tech group.
The Nothing Phone (2a) is the latest cut-price offering from the culty tech group.Nothing
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Nothing, the upstart tech brand with a cult following, has just launched a budget version of its much-hyped Nothing Phone (2), the Nothing (2a) in India. 

With 2.7 million sales and more than half a billion dollars in revenue since its launch, according to its CEO, the London-based brand is positioning itself as a cheap alternative to Apple and Samsung for smartphone-wary consumers with its latest cut-price model.

Nothing

Nothing launches latest smartphone 

The first Nothing Phone (1) was released in 2022 to great fanfare as its makers made the unusual promise of creating a phone that would offer customers an escape from the growing specter of screen time that increasingly captures users.

Nothing is building a smartphone line that encourages users to be more mindful of their screen time. In other words, it’s a phone built for tech-savvy buyers hoping to optimize their time.

It launched the Nothing (2) last year building upon the hype of its first product launch. “We’re not trying to be Apple 2023. We’re trying to be the Apple of the 1980s,” Nothing CEO Carl Pei told Forbes last year.

Nothing’s strategy has caught the attention of both customers and investors. In addition to its half a billion in sales, Nothing managed to raise $96 million for U.S. expansion last year. 

For its third iteration, the Nothing (2a), the group says it is doubling down on the more popular elements of its Nothing (2) while offering a cheaper alternative to its predecessor’s £499 ($USD) price tag.

Nothing lifts the lid on plastic cut-price phone

During an awkward presentation, in which cofounder Akis Evangelidis stumbled over the pricing of the phone as he tried to market it in three different currencies—U.K. pounds, euros, and Indian rupees—the group unveiled its sleek new smartphone.

Nothing

It should be obvious from its £319 starting price that Nothing’s modus operandi is simplicity at every stage of the user experience, something that filters through to its design. 

At the latest launch for the Nothing 2(a) event, designers credited Massimo Vignelli, the creator of a simplified iteration of the New York subway map in the 1970s, as their inspiration for taking complex features of a classic smartphone and breaking them down. 

The latest phone is built from recycled plastic and metals, offering a less sleek alternative to the Nothing (2)’s glass and metal exterior. 

Its camera sits, unusually, in the middle of the top of the phone, rather than to the side like its older models and traditional smartphones. 

As with the Nothing Phone (2), the group uses Android’s operating system, Android 14, in its latest model. 

Nothing

Nothing boss betting on India

Nothing’s CEO Carl Pei has built a reputation as a tech influencer as much as a boss, helping him get on the good side of the traditionally culty tech sector with videos that look like third-party reviews that publicize Nothing’s products.  

Last year, Pei even managed to recruit long-running YouTube superstar Casey Neistat to post an in-depth review of last year’s Nothing 2 that involved Pei and Neistat taking the phone on a literal roller coaster ride.

Nothing

He will be hoping that recognition can help him take on a Steve Jobs–type cult of personality that could pull curious shoppers to the brand.

Indeed, the group’s choice of India for its launch is likely a sign of its hopes that the cut-price Nothing (2a) model can encroach on Apple’s growing market share in the country. 

The smartphone will begin at a price of £319 for its entry-level 128-gigabyte storage model. A pricier model with 265 GB will be available to U.S. buyers for $349 through a sign-up form on Nothing’s website.

About the Author
Ryan Hogg
By Ryan HoggEurope News Reporter

Ryan Hogg was a Europe business reporter at Fortune.

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