Nothing, the consumer tech platform, held its event today, March 23, where the cofounder Carl Pei announced that the company will enter the smartphone game in Summer 2022 and will launch Nothing Phone 1. Pei also announced that the smartphone will come along with in-house Android skin called Nothing OS. While many expected that the event would witness the launch of the smartphone, that wasn’t the case. The 27-minutes long event focussed on the journey of the company in the past year and how it combined all the pieces – Team, Supply Chain and Capital – to build a product ecosystem which will deliver its first product this summer. But even as we did not see even a glimpse of the much anticipated Nothing Phone 1, there were some interesting tidbits teased. Read on to check out what they were.
The biggest news coming from the event was that Nothing smartphones will be built on the Qualcomm Snapdragon platform, meaning it would most likely include a Snapdragon SoC. However, it was not revealed which chipset would be used. It was also revealed that the smartphone will be officially called the Nothing Phone 1, characterizing the company’s minimalist aesthetics when it comes to naming conventions (remember Ear 1?). The smartphone is coming this summer, although a more pin-pointed date was not shared. It will be the company’s next hardware launch, so no new earphones will be launched till then.
Pei also announced that Nothing has raised $144 million, put together a team of 300 people and partnered with big tech giants like Google, Samsung, Sony, Qualcomm and others. It also revealed that the company will have a $10 million allocation for an upcoming equity-based community investment round at the same valuation as its Series B
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