Nothing's CEO Calls the $1,999 iPhone Duo 'a Waste of Money'
Nothing's CEO Calls the $1,999 iPhone Duo 'a Waste of Money' By Maya Krishnan, Senior Technology Correspondent | October 13, 2026 Carl Pei thinks you are about to waste $1,999. The co-founder and CEO of Nothing — the London phone company that has built its entire brand on trolling the smartphone establishment — posted a reel on Instagram on Monday calling Apple's first foldable, the iPhone Duo, "a waste of money," four days before preorders open on October 16. His charge sheet is short and brutal: no Face ID, no telephoto camera, and a worse selfie camera than the phone that costs $800 less. It is the kind of attack that would be easy to dismiss as marketing theatre, except for one problem. On the facts, Pei is essentially right. The timing is not accidental. Apple starts taking Duo preorders on Friday, with the device reaching stores on October 23, priced from $1,999 in the US. Pei's reel is a preemptive strike — a rival CEO telling Apple customers t...