Skip to main content

Market Overview

Carl Pei's Nothing Is Expanding From Making Phones To Clothes And Beer

Share:
Carl Pei's Nothing Is Expanding From Making Phones To Clothes And Beer

In an unexpected turn of events, Carl Pei-led smartphone manufacturer Nothing is expanding into the fashion industry reveals a recent announcement.

What HappenedNothing is venturing into the fashion segment with a new clothing line branded Nothing Apparel. It is being designed in collaboration with the Sweden-based consumer electronics company Teenage Engineering. The line has been pitched as “workwear we still want to wear when the work is done.”


This comes after the company launched the Nothing Beer (5.1). Originally introduced as an April Fool’s joke, the Nothing Beer is a light rice lager with a slightly citric finish.

See Also: Not Elon Musk, Not Tim Cook: America’s Most Popular CEO As Voted By Employees Is ….

Apart from this, Nothing has been expanding its product portfolio by launching affordable headphones and iPhone cases. The expansion into the fashion scene seems to be an elaborate extension of this product diversification, a strategy that is reminiscent of Pei’s tenure at OnePlus.

Why It Matters: This move is a significant shift for the company known for its technological devices. As confirmed by the company on Twitter, Nothing’s venture into clothing is a testament to their willingness to explore and innovate beyond their comfort zone. This diversification strategy might also be a strategic move to capture a larger market share and reach a wider demographic.

Image Credits- Nothing

Check out more of Benzinga's Consumer Tech coverage by following this link.

Read Next: Apple's iPhone Is A Teenage Love Affair That Shows No Sign Of Fading: What A Survey Reveals


Engineered by
Benzinga Neuro, Edited by


Rounak Jain


The GPT-4-based Benzinga Neuro content generation system exploits the
extensive Benzinga Ecosystem, including native data, APIs, and more to
create comprehensive and timely stories for you.
Learn more.


 

Related Articles

View Comments and Join the Discussion!

Posted-In: Carl Pei Consumer Tech gadgets NothingNews Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com