A new report says Nothing is preparing to stop selling phones in many markets around the world as the company faces weaker demand and higher costs. The move would mark a significant pullback for the smartphone brand if it goes ahead.

According to the report, declining sales are a key reason behind the reported decision. It also says the company’s newer devices, identified as the Nothing Phone (4a) and Nothing Phone (4b), are not gaining the traction needed to offset those broader pressures.

The combination of softer sales and rising costs appears to be creating a tougher environment for the brand’s international business. If Nothing does leave a wide range of markets, it would reduce the company’s global retail presence and signal that recent launches have not delivered the expected momentum.

For now, the report points to a company dealing with a more difficult smartphone market than before. While full details on timing and affected regions were not provided in the trimmed report, the central takeaway is that Nothing’s latest phones are reportedly struggling and its global sales footprint may shrink as a result.