Nothing is well into its Phone (2) teaser campaign, with the company even going so far as to showcase the smartphone's USB Type-C cable. While Nothing has not even announced a Phone (2) release date yet, @billbil_kun has revealed European pricing that may surprise Nothing fans. For context, the Phone (1) starts at €469 in the Eurozone with 8 GB of RAM and 128 GB of storage.
Reportedly, Nothing will not offer the Phone (2) with 128 GB of storage. Instead, there will be 256 GB and 512 GB variants that @billbil_kun expects Nothing to mate to 8 GB and 12 GB of RAM, respectively. According to the leaker, the Phone (2) will start at €729, including taxes. Meanwhile, the 512 GB edition is said to cost €849.
Arguably, a more appropriate point of comparison with the cheapest Phone (2) SKU will be the 8 GB/256 GB version of the Phone (1), which retails for €499. Even then, the entry-level Phone (2) is €230 more expensive than the equivalent Phone (1) SKU. Hence, the Phone (2) will only slightly undercut current flagship smartphones, such as the Pixel 7 Pro and the OnePlus 11. In other words, Nothing has moved on from selling mid-range smartphones in a single generation, with a 55% price increase between the cheapest Phone (1) and Phone (2) SKUs.