In the same year, Bank of America estimated that Apple $205 billion worth of iPhones alone. In 2022, the start-up sold 750,000 Phone (1)s and earbuds, generating an annual revenue of $200 million. The company is pushing the edge on operating systems, hardware, and attracting the younger generation." There is very little design sensibility, and the product range lacks excitement and a sense of exclusivity like the Apple ecosystem,” says Tom Hulme, Google Venture's head of Europe. (While Pei didn't comment on the company's valuation, a source close to the deal says that it’s below $1 billion.) “Look at the Android ecosystem today. The latest round brings Nothing's total fundraising to $250 million. Previous backers, including Google Ventures, Sweden's EQT, C Ventures, and music stars Swedish House Mafia, participated too. On June 28, Pei announced that Nothing has closed a $96 million funding round led by Highland Europe. On July 11, Nothing will open pop-up shops in London and New York to hype its new gadget Phone (2) Nothing
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