Carl Pei, the founder of Nothing company, said that the production cost of the Nothing Phone smartphone is 360 dollars. At the same time, the Nothing Phone starts at $450. According to him, the margin of less than $90 should cover the logistics and services of partner channels, including Amazon and network operators. If all costs are excluded, the company’s profit is zero.

The senior executive claims that more than half a million Nothing Phone smartphones (1) have been sold so far. The company now gets better prices for components from suppliers. This should help the brand increase its profits as it launches new products.

As 91mobiles wrote, Apple makes almost 50% profit on every iPhone 14 unit sold, but the Cupertino company’s costs are much higher. When asked if the company plans to launch a full-fledged flagship smartphone, Karl Pei replied, “Maybe.”